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Hero MotoCorp sold 5,47,970 two-wheelers in October 2021

Written by Nayak

Hero MotoCorp released its sales report for October 2021. The world’s largest two-wheeler manufacturer sold a total of 5,47,970 units for the given month. The demand is showing a positive trend, as evident from the sales of September 2021 that stood at 530,346 units. This festive season is one of the major factors for the rising demand. And this demand will continue till the end of this year. The opening up of businesses along with the increase in vaccination drive is providing much confidence in the customers. Along with this, there are several other indicators that suggest that the sales figure is on the rise.

Detailed Sales Analysis

In the motorcycle segment, Hero MotoCorp posted a total sales of 5,05,957 for October 2021. The figure for the same period last year stood at 7,32,498 units. In the scooter segment, the company sold a total of 42,013 units for October 2021, as against 74,350 units for October 2020. In terms of domestic sales, Hero MotoCorp sold a total of 5,27,779 units. Meanwhile, for October 2020, the figure stood at 7,91,127 units. In terms of export, the figure for October 2021 was 20,191, up from 15,711 units for the same period last year.

Key Highlights

To attract more customers to join the Hero family, the company introduced two new products in the motorcycle segment. These are Xtreme 160R Stealth Edition and XPulse 200 4 Valve. In the scooter segment, Hero introduced the new Pleasure+ XTec that gets all the latest tech. Hero MotoCorp expanded its reach to the UAE by inaugurating its exclusive dealership in Dubai in terms of international business.

Continuing to support the Covid-19 affected families, Hero MotoCorp announced unique welfare programs in Haryana, Uttarakhand and Rajasthan. The initiative aims to support women from the affected families with livelihood opportunities, education for their children and access to food and nutrition. Hero MotoCorp will enter the EV segment very soon. The company had teased its first e-scooter early this year. Having a stake of 35 per cent in Ather Energy, we expect both the companies to share some of the hardware, which could include the charging infrastructure.

Also Read: Ather’s fast charging tech will be used by Hero MotoCorp.