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Business EconomyPosted at: Sep 1 2020 6:08PM


Hero Motocorp robust sales of 584,456 Units in August 2020

Kolkata, Sep 1 (UNI) Sprinting ahead with the fourth consecutive month of growth in volume
sales, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has
continued to lead the revival of the automotive sector.
Signalling a positive turn-around for the two-wheeler industry, which is a strong driver of
the domestic economy, the Company sold 584,456 units of motorcycles and scooters in
the month of August 2020, a growth of 7.55% over the corresponding month of the previous
year (August 2019) when it sold 543,406 units, a company official here on Tuesday said.
Sequentially, this translates into a growth of 13% over the month of July 2020, when the
Company had sold 514,509 units.
Hero MotoCorp’s latest addition to its range of premium motorcycles – the Xtreme 160R –
has received very positive feedback from the market and has led to an increase in the
company’s premium segment market share.
The Company is also witnessing strong retail off-take and is currently operating in pull-market
with rural and semi-urban centers driving demand.
With August marking another step forward in the market's recovery, the Company cautiously anticipates sales to continue their upward trajectory with favorable factors such as the upcoming
festive season, increasing consumer confidence and continued government policy support.
Now operating at nearly 100% production capacity with almost all customer touch points open,
the Company remains committed to the health and safety of everyone in its ecosystem, including
its customers.
UNI BM SJC
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Tags: #Hero Motocorp robust sales of 584#456 Units in August 2020
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