2025-05-02 20:42:36
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Stock Report
Hero MotoCorp sells 3.72 lakh units in April 2021
Posted On : 2021-05-01 20:50:17( TIMEZONE : IST )
Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 372,285 units in the month of April 2021. Out of which, 342614 were sold in the domestic market and exports stood at 29671 vehicles. 339329 motorcycles and 32956 scooters were sold in April 2021.
The sales in April'21 were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account of the impact of the second wave of COVID-19.
The sales numbers of April 2021 is not comparable with the corresponding month of the previous year (April'20), since no vehicles were manufactured and dispatched to dealers, due to the nationwide lockdown after the outbreak of Covid-19.
In keeping with its commitment to the safety and welfare of its people and to break the chain of the spread of Coronavirus, Hero MotoCorp has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC)in Neemrana and the R&D facility - the Centre of Innovation and Technology (CIT) in Jaipur by another six days till May 9, 2021. The plant operations will resume on May 10.
Hero MotoCorp had proactively halted the plant operations temporarily in a staggered manner for four days from April 22-May 1, in view of the rapid escalation in the spread of Covid-19 across the country.
All corporate offices of the company are in Work from Home (WFH) mode and a very small number of colleagues are allowed in offices on rotation basis for the continuity of essential services.
The company is continuously monitoring the situation and aims to compensate for the production loss during the remainder of the quarter.
Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2820.35 as compared to the previous close of Rs. 2861.6. The total number of shares traded during the day was 30856 in over 4286 trades.
The stock hit an intraday high of Rs. 2859.2 and intraday low of 2810. The net turnover during the day was Rs. 87456772.
