Hero MotoCorp India has released its sales report for May 2022. The world’s largest two-wheeler maker posted a total sales of 4.87 lakh units. The figure breaks down as 4,52,246 units for motorcycles and 34,458 units for scooters. In the domestic market, Hero MotoCorp posted a total sales of 4,66,466 units. Meanwhile, the export figure stood at 20,238 units. This figure consists of both motorcycles and scooters. When compared to April 2022, the sales growth translates to 16 per cent. The figure for May 2021 stood at 1,83,044 units. The resurgence in the Covid-19 cases impacted the figures heavily.
The sales growth for May indicates that demand is gaining some traction as we go back to normalcy. Hero MotoCorp expects this positive trend to continue in the coming months. The onset of monsoon season, decent Rabi harvest, and supporting government policies will help boost sales. Additionally, the dip in petrol and diesel prices is also a relief for the commuters. Furthermore, the price slash in iron and steel inputs will also help soften steel prices in the domestic market. All these are favourable conditions for the sales to pick up the pace again and reach new highs.
Key Highlights
In May 2022, Hero launched a new edition for its ever-green Splendor motorcycle in the form of the Splendor+ XTEC. This motorcycle gets all the features such as a Full Digital Meter with Bluetooth connectivity, RTMI (Real Time Mileage Indicator), low fuel indicator, LED High-Intensity Position Lamp (HIPL), and Call and SMS alerts. Additionally, the Splendor+ XTEC also gets new graphics.
Hero Moto Corp also inaugurated five rainwater-harvesting units in government primary schools and seven check dams in Gujarat. This move asserts the two-wheeler maker’s commitment to the enrichment of biodiversity. This project has come up in the villages of Halol Taluka in the Panchmahal District.
Also Read: Vida EV brand revealed by Hero MotoCorp, product launches in 2022.
