Hero MotoCorp Sells More than 5 Lakh Units of Motorcycles and Scooters in Feb 2021

MUMBAI:
Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, sold 505,467 units of motorcycles and scooters in February 2021.

The company had dispatched 498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).

The growth in sales – despite the ongoing challenges on account of supply chain issues that the industry is facing – has been possible due to the state of preparedness and quick countermeasures taken by the company.

Hero MotoCorp recently announced its highest-ever revenue for any single quarter. The Company reported revenue of Rs. 9,776 Crore for the third quarter (October-December 2020) of FY’21 (vs Rs. 6,997 Cr. in Q3 FY’20). The company also declared interim dividend of Rs. 65 per share amounting to 3250% and announced a special interim dividend of Rs 100 Crore @ Rs. 5 per equity share.

Hero MotoCorp remains optimistic about growth in the coming months, as a credible recovery in the Indian economy and a positive momentum towards personal mobility is likely to further strengthen the demand for two-wheelers.

With the vaccination drive also gaining pace across the country, the company expects a swift recovery for businesses and the economy in the coming months.

Iscea

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