New Delhi: Country’s largest two-wheeler maker Hero MotoCorp on Thursday reported a 72.4% growth in its total sales at 576,957 units in March.
The company had posted 334,647 units of total sales in the same month year ago, Hero MotoCorp said in a release.
In March last year, sales were adversely impacted due to the impending transition to BS-VI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to the coronavirus pandemic, the company said.
During the month under review, the company registered its highest-ever sales in global business at 32,617 units, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units.
Sanjay Bhan, head – global business, Hero MotoCorp, said, “Hero MotoCorp’s global business has been gaining traction and we are optimistic of maintaining the healthy growth trajectory across geographies in the coming months. The recovery in consumer demand and efficient collaboration with our global distributors has enabled us to achieve these numbers.”
While the coronavirus pandemic continues to impact the global auto industry, he added, the company is witnessing strong preference for the wide range of motorcycles and scooters – including the premium motorcycles Xpulse and Hunk 160R – across markets, especially in Latin America.
Hero MotoCorp’s domestic sales stood at 544,340 units last month compared to 316,685 units in March 2020
In the financial year 2020-2021, the company sold 5,791,539 units as compared to 6,409,719 units in FY 2019-2020, down 9.64%.
Naveen Chauhan, head – sales and after-sales, Hero MotoCorp, said, “The financial year 2020-21 for us has been a period of sharp revival and setting new milestones, despite the backdrop of a significant downturn in the automotive market. During the fiscal, we surpassed the monumental milestone of 100 million units in cumulative sales since our inception.”