Two-Wheeler Sales November 2020: Hero MotoCorp Registers A Growth Of 14 Per Cent

Backed by the sturdy demand through the festive season, Hero MotoCorp’s home gross sales stood at 575,957 items final month, versus 505,994 items in November 2019, a development of 14 per cent.

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The sturdy gross sales in November additional solidify Hero MotoCorp’s dominance within the two-wheeler sector

Hero MotoCorp reported its gross sales for November 2020 and the corporate has registered a 14 per cent soar in home volumes over the identical interval final yr. The two-wheeler large bought 575,957 items final month, versus 505,994 items in November 2019. The firm’s sturdy development is a results of the festive demand. Hero‘s exports in November 2020 additionally elevated by 40 per cent as much as 15,134 items, from 10,781 items bought throughout November final yr.

Also Read: Hero MotoCorp Retails Over 14 Lakh Two-Wheeler During This Festive Season

Commenting on the sturdy volumes, Hero MotoCorp mentioned in a press release, “The strong growth in sales has seen the company further strengthening its market leadership across motorcycle and scooter category, signaling the strong faith that Indian buyers continue to show for the most trusted brands. The company has been continuously ramping up supply and production across its manufacturing units to cater to the increased demand. Hero MotoCorp believes that the growth in personal mobility post Covid-19 restrictions will further strengthen the demand for two-wheelers. The company intends to further strengthen its product portfolio, as well as consumer offerings to ride this wave further.”

Sales for Hero scooters additionally grew by 33 per cent, whereas that for bikes elevated by almost 13 per cent

Hero’s motorbike gross sales stood at 541,437 items in November this yr, registering a development of 12.9 per cent over 479,434 items in November 2019. Scooter gross sales stood at 49,654 items final month, registering a hike of 33 per cent over 37,341 items bought final yr. Hero’s whole gross sales for the earlier month stood at 591,091 items, a development of 14.38 per cent over 516,775 items bought throughout the identical interval final yr.

Also Read: Hero MotoCorp Appoints Michael Clarke As New Chief Operating Officer, HR Head

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The festive interval was significantly a memorable one for Hero because the producer witnessed document retail gross sales with over 14 lakh two-wheelers bought in 32 days between Navratras and Bhai Duj. The firm additionally launched a lot of particular version fashions in addition to expanded its BS6 vary throughout this era to additional push its choices off showroom flooring.

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