Speeds up its migration to BS-VI
Hero MotoCorp, the world's largest two-wheeler manufacturer, sold 516,775 units of motorcycles and scooters in the month of November 2019.
The company has sold 516,775 units in November 2019, as against 610,252 units in November 2018. Out of this, the company has sold 479,200 motorcycles and 37,575 scooters in November 2019 as compared to 543,982 motorcycles and 66,270 scooters in November 2018.
Domestic sales was at 505,994 units in November 2019 as against 601,045 units in November 2018. Exports were higher at 10,781 units in November 2019 as compared to 9,207 units in November 2018.
Following record festive retail sales in October 2019 and lowest-ever inventory in two-years, the November 2019 despatch numbers reflect Hero MotoCorp's intent to ensure a smooth transition to BS-VI norms.
In the month of November, Hero MotoCorp commenced retail sales of India's first BS-VI compliant motorcycle - the Splendor iSmart with FI, in keeping with its concerted efforts of bringing innovative and technologically advanced products for customers. The Splendor iSmart was launched in the market within just a few months of receiving the BS-VI certificate from iCAT.
Hero MotoCorp has scaled up the production of its BS-VI vehicles, while discontinuing the production of several BS-IV models in an effort to migrate completely to the new emission era. The Company has stopped production of more than 50 variants of its BS-IV range of products while rapidly increasing the production of BS-VI vehicles.
In the beginning of the month, the Company unveiled the Xtreme 1.R Concept and a Rally-Kit for the XPulse 200 at the EICMA in Milan. Soon after, the Company launched the XPulse 200 in Colombia, where the motorcycle has received very positive feedback from customers since launch.
During the month, Hero MotoSports Team Rally, the motorsport team of Hero MotoCorp announced its Team for the Dakar Rally 2020. Participating with four riders for the first time, the Team will be represented by - 2019 Pan Africa Rally winner - Joaquim Rodrigues, Indian Ace rider - CS Santosh, Dakar Rookie of the Year 2018 - Oriol Mena and new addition, former World Rally Champion - Paulo Goncalves.
Reiterating its commitment to road safety and good riding habits, Hero MotoCorp inaugurated a state-of-the-art Children Traffic Training Park at Rachakonda, Hyderabad, in association with the local Police. Including this new facility, Hero MotoCorp now has nine traffic training parks across India, spreading road safety awareness among all age groups, especially the riders of tomorrow.
Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2431.95 as compared to the previous close of Rs. 2467.8. The total number of shares traded during the day was 32008 in over 2773 trades.
The stock hit an intraday high of Rs. 2484.9 and intraday low of 2423.7. The net turnover during the day was Rs. 78163387.