Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Hero MotoCorp has sold 514,509 units in July 2020

Posted On: 2020-08-01 04:35:18

Leading the path of rapid recovery, Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has continued the resurgence of the domestic two-wheeler sector, with month-on-month sales growth for the third consecutive month since operations resumed.

In a market environment that continues to be volatile, Hero MotoCorp sold 514,509 units of motorcycles and scooters in July 2020.

The company has sold 514509 units in July 2020 as compared to 535810 units during July 2019. Out of this, the company sold 478666 motorcycles and 35843 scooters during July 2020, as against 490058 motorcycles and 45752 scooters during July 2019.

The company has sold 506946 units in domestic market and 7563 units in exports during July 2020 as compared to 511374 units in domestic market and 24436 units in exports during July 2019.

Despite the prevailing economic slowdown on account of the Covid-19 pandemic, the Company registered a sequential growth of 14% over the previous month (June 2020) and reached more than 95% of wholesale dispatch numbers of the corresponding month in the previous year (July 2019).

The robust volumes have been driven by strong retail sales due to the positive market demand. While there is cautious optimism on the demand trajectory going forward, sales continue to be impacted by the micro-lockdowns in several parts of the country. For the growth momentum to continue, it would be pertinent for state and local authorities to provide a stable and consistent business environment as the situation evolves.

Following stringent protocols for safety and wellbeing of its employees, Hero MotoCorp made significant progress in ramping-up the production across all of its eight manufacturing facilities - six in India and two at global locations.

More than 95% of Hero MotoCorp customer touch-points are currently operational, with strict safety measures and protocols in place.

Highlights of July'20

- In keeping with its vision to "Be the Future of Mobility", Hero MotoCorp made an additional investment of Rs. 84 crore (US$11million) in Ather Energy, taking up its shareholding in the Company to 34.58%, up from 31.27%. Hero MotoCorp has been a part of Ather's growth story since 2016, when it first invested as a part of Series B funding.

- With the objective of driving growth in the emerging business climate, Hero MotoCorp strengthened its leadership team. As part of this effort, Rajat Bhargava has been appointed as the Chief of Staff in the office of Chairman and CEO, Dr. Pawan Munjal. Malo Le Masson has been appointed as Head of Strategy and Ravi Pisipaty as the Head of Plant Operations, while Mahesh Kaikini, has been appointed Chief Quality Officer. Ashutosh Varma has been appointed the new Head of National Sales.

- With the ongoing Hero Cup in Birmingham, UK, Hero MotoCorp became the first Indian company to sponsor a full-fledged professional golf event in Europe. Earlier known as the English Open, the marquee tournament is part of the European Tour's new 'Golf Swing'. With millions of world-wide audience tuning into their television sets or logging into online live streaming to watch the Hero Open, this association with the European Tour goes a long way towards Hero's brand building initiatives on global platforms.

- In a commitment to promote women empowerment in India, 100 Hero scooters - Destini 125 & Maestro Edge 125 were handed over to the women police officers of Gorakhpur Police Department in presence of Shri Yogi Adityanath, Hon'ble Chief Minister of Uttar Pradesh.

- Two first-responder vehicles were presented to authorities at the Community Health Centres in Neemrana and Mundawar, in the Alwar district of Rajasthan. These unique and utilitarian vehicles will be useful for reaching out to patients in rural and remote areas and comfortably moving them to the nearest hospitals. First Responder has been custom-built as an accessory on the powerful Xtreme 200R motorcycles of Hero MotoCorp.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2677.2 as compared to the previous close of Rs. 2704. The total number of shares traded during the day was 33056 in over 4534 trades.

The stock hit an intraday high of Rs. 2708.3 and intraday low of 2647.6. The net turnover during the day was Rs. 88265333.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

MRO-TEK Realty Ltd Q1FY21 loss at Rs. 2.36 crore

Wheels India Ltd Q1 Consolidated loss widens to Rs. 43.71 crore

DISA India Limited board to announce quarterly results on Aug 12, 2020

Bandhan Bank holding company complies with RBI license conditions

Kansai Nerolac Paints Ltd Q1FY21 consolidated PAT at Rs. 33.47 crore

The Ramco Cements Ltd - Golden Peacock National Training Award - 2020

CenturyPly announces application of Virokill Technology in its manufacturing process killing 99.99% virus, with the launch of New TVC

Wockhardt announces COVID-19 vaccine partnership with UK Government

Indian Oil Corporation Ltd raises Rs. 1625 crore

Solara Active Pharma Sciences Ltd appoints Mr. Bharath R Sesha as MD and CEO

Welspun Corp Limited receives multiple orders

Central Bank of India board to consider first quarter results on Aug 11, 2020

INVIDI Technologies extends successful relationship with Tata Elxsi

Steel Strips Wheels Ltd acheives total wheel rim sales of 9.25 lacs in July 2020

RITES Ltd board to announces quarterly results on Aug 11, 2020

Power Grid Corporation of India Ltd board to approve Q1 results on Aug 10, 2020

TCS a Leader in Life, Annuities & Pensions BPS: NelsonHall

NMDC Ltd announces price revision of iron ore from July 31, 2020

Sundram Fasteners Ltd board to consider first quarter results on Aug 12, 2020

Cummins India Ltd board to announce quarterly results on Aug 12, 2020

Sasken appoints Edwin Moses as President and COO

ADC India Communications Limited board to consider Q1 results on Aug 14, 2020

KOPRAN Ltd board to announce 1st quarter results on Aug 11, 2020

Sundaram Finance Ltd board to approve quarterly results on Aug 10, 2020

Bank of India posts consolidated PAT of Rs. 845.78 crore in Q1FY21

Solara Active Pharma Sciences Ltd posts Rs. 42.28 crore consolidated PAT in Q1FY21

Aditya Birla Fashion and Retail Ltd - Partly Paid up Equity Shares to list on Aug 3, 2020

Shilpa Medicare Ltd board to consider Q1FY21 results on Aug 8, 2020

ZEN Technologies Ltd board to announce Q1 results on Aug 8, 2020

K.P.R. Mill Limited board to approve quarterly results on Aug 12, 2020

Oriental Aromatics Ltd board to consider Q1 results on Aug 10, 2020

Shree Renuka Sugars Limited board to consider preferential issue on Aug 7, 2020

IRB Infrastructure Developers Ltd receives LoA from NHAI for hybrid annuity project

ICRA upgrades long-term rating of Syngene International Ltd

Shri Sumit Deb assumes charge as CMD, NMDC

ICICI Securities successfully closes INR 995 crore Rights Issue of partly paid-up equity shares issued by Aditya Birla Fashion and Retail Limited

Canara Bank - A Bank Of Gratitude

Kotak Mahindra Group announces Kona Kona Umeed

Canara Bank launches Corona Kavach Policy

Royal Enfield leads the leisure motorcycle segment in the UK

Finolex Industries and its CSR partner's Relief Efforts

Dalmia Bharat Group wins FICCI CSR Award for Environment Sustainability

Triveni Engineering & Industries Ltd Board to consider Buy Back of equity shares

Tata Steel Long Products Ltd Q1 consolidated loss at Rs. 131.31 crore

Jindal Cotex Ltd Q4FY20 consolidated PAT at Rs. 20.93 crore

VST Tillers Tractors Ltd reports higher sales in July 2020

Transcorp International Ltd Q1FY21 loss at Rs. 1.29 crore

Suraj Products Ltd posts YoY jump in Q1FY21 PAT to Rs. 1.61 crore

The Anup Engineering Limited announces results for the quarter ended on June 30, 2020

Motilal Oswal Financial Services Ltd posts consolidated PAT of Rs. 166.99 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019