2025-05-02 08:49:29
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Stock Report
Hero MotoCorp Ltd has sold 505,467 units of motorcycles and scooters in February 2021
Posted On : 2021-03-01 18:52:29( TIMEZONE : IST )
Hero MotoCorp Ltd, the world's largest two-wheeler manufacturer, sold 505,467 units of motorcycles and scooters in February 2021.
The company had dispatched 498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).
The company had sold 498,242 units over the corresponding month of the previous year (February 2020).
The company has reported domestic sales of 484,433 units in February 2021, as compared to 480,196 units in February 2020. Exports were also higher in February 2021 at 21,034 units as against 18,046 units in February 2020.
The company has sold 463,723 Motorcycles in February 2021, as compared to 479,310 in February 2020. Scooters sales jumped to 41,744 units in February 2021, as against 18,932 units in February 2020.
The growth in sales - despite the ongoing challenges on account of supply chain issues that the industry is facing - has been possible due to the state of preparedness and quick countermeasures taken by the company.
Hero MotoCorp recently announced its highest-ever revenue for any single quarter. The Company reported revenue of Rs. 9,776 Crore for the third quarter (October-December 2020) of FY'21 (vs Rs. 6,997 Cr. in Q3 FY'20). The company also declared interim dividend of Rs. 65 per share amounting to 3250% and announced a special interim dividend of Rs 100 Crore @ Rs. 5 per equity share.
Hero MotoCorp remains optimistic about growth in the coming months, as a credible recovery in the Indian economy and a positive momentum towards personal mobility is likely to further strengthen the demand for two-wheelers.
With the vaccination drive also gaining pace across the country, the company expects a swift recovery for businesses and the economy in the coming months.
Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3351.35 as compared to the previous close of Rs. 3227.4. The total number of shares traded during the day was 102863 in over 7902 trades.
The stock hit an intraday high of Rs. 3362.6 and intraday low of 3230. The net turnover during the day was Rs. 342936837.
