Hero MotoCorp Ltd has sold 447,335 units of motorcycles and scooters in December 2020

Capping off a highly disrupted and challenging year on a positive note, Hero MotoCorp Ltd, the world's largest two-wheeler manufacturer sold 447,335 units of motorcycles and scooters in December'20.

The company had sold 424,845 units over the corresponding month of the previous year (December 2019).

The company has reported domestic sales of 425,033 units in December 2020, as compared to 412,009 units in December 2019. Exports were also higher in December 2020 at 22,302 units as against 12,836 units in December 2019.

The company has sold 415,099 Motorcycles in December 2020, as compared to 403,625 in December 2019. Scooters sales jumped to 32,236 units in December 2020, as against 21,220 units in December 2019.

Hero MotoCorp further consolidated its market leadership by clocking its best ever third quarter, with 18.45 lakh units sold during the October-December period. This is a 19.7% growth over the corresponding quarter in the previous fiscal (FY'20) when the Company had sold 15.41 lakh units.

The December volumes indicate the continuously improving consumer sentiment and the company expects the positive trend to continue in the new year, despite challenges posed by Covid-19 pandemic.

The wide range of best-in-class products and consistent alignment of new technologies and services will ensure company's strong growth impetus in 2021.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3098.85 as compared to the previous close of Rs. 3109.35. The total number of shares traded during the day was 18029 in over 1286 trades.

The stock hit an intraday high of Rs. 3120.4 and intraday low of 3092.55. The net turnover during the day was Rs. 55975031.

Source : Equity Bulls

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