Reflecting a strong customer preference for most trusted brands, Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, sold 806,848 units of motorcycles and scooters in October 2020 – its highest-ever sales in any single month.
Continuing its growth momentum, Hero MotoCorp reported a robust double-digit growth of 35% over the corresponding month of the previous year (October 2019), when the company had sold 599,248 units. A positive turnaround in customer sentiments – particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period.
With the higher dispatches during the month, the company’s customer touch points across the country now have adequate inventories in line with market demand in the ongoing festival period.
The company has also registered significant gains in market share in the second quarter (July-September) across product categories and geographies and expect to further build on this momentum going ahead.