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HERO MOTOCORP: SELLS 5.48 LAKH UNITS OF MOTORCYCLES & SCOOTERS IN OCTOBER 2021

HERO MOTOCORP: SELLS 5.48 LAKH UNITS OF MOTORCYCLES & SCOOTERS IN OCTOBER 2021 1

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 547,970 units of two-wheelers in October 2021.

This is a sequential growth over the volume sales in the month of September, when Hero MotoCorp despatched 530,346 units of motorcycles and scooters, indicating a gradual recovery in the economy.

Demand in the festive season has been building up as we move towards Dhanteras and Diwali, and we expect healthy retail over the coming weeks. With the economy gradually opening up with several other positive indicators, such as encouraging farm activity and surge in preference for personal mobility, a swift revival in sales is expected in the coming months.

In line with its commitment towards bringing youthful products for its customers, Hero MotoCorp introduced a range of new two-wheelers during the month of October. The Company has brought two exciting additions to its ‘X’-range of premium portfolio – the Xtreme 160R Stealth Edition and XPulse 200 4 Valve. The Company’s scooter range also got a festive cheer with the new Pleasure+ XTec.

With international markets gradually opening-up, Hero MotoCorp has also accelerated its global expansion plans. During the month, the Company inaugurated its new exclusive dealership in Dubai, further strengthening its presence in the United Arab Emirates (UAE).

Continuing with its efforts to bring relief to COVID-19 affected families, Hero MotoCorp has launched a unique welfare initiative in the states of Haryana, Uttarakhand and Rajasthan. The initiative aims to support women from the affected families with livelihood opportunities, access to food and nutrition, and education for their children.

 Oct’ 21Oct’20YTD FY’22YTD FY’21
Motorcycles       5,05,957  7,32,498       27,99,698     29,39,553
Scooters          42,013     74,350          2,11,402       2,45,246
Total       5,47,970 8,06,848       30,11,100     31,84,799
Domestic       5,27,779  7,91,137       28,34,293     31,02,391
Exports          20,191     15,711          1,76,807          82,408
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