Hero MotoCorp sells 453,879 units in August 2021

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 453,879 units in August 2021, as against 584,456 units in August 2020. Exports were higher in August 2021 at 22,742 units as against 15,782 units in August 2020.

The company has sold 420,609 Motorcycles in August 2021, as compared to 544,658 in August 2020. Scooters sales was to 33,270 units in August 2021, as against 39,798 units in August 2020.

In line with its enhanced focus on global markets, Hero MotoCorp further augmented its premium motorcycle portfolio in Bangladesh with the launch of Hero Hunk 150R in the month of August. Developed especially for the Bangladesh market, the premium Hunk 150R delivers an unparalleled experience with its new-age experience and riding style.

Hero MotoCorp is gearing up for the upcoming festive season, and with several positive indicators, such as the decent monsoon resulting in encouraging farm activity in most parts of the country, and the several government schemes in the social sector, the Company remains optimistic about demand in the coming months.

Also, with Covid- 19 vaccination gaining pace and last-mile retail opening up further, the numbers are expected to be positive in the coming months.

In keeping with its ongoing community outreach programs, Hero MotoCorp has partnered with the district administration in Haridwar to launch a vaccination drive for the public. As part of the initiative, 10,000 doses of Covid-19 vaccines will be administered in a phased manner to the people in the city.

Additionally, the Company has also provided two mobile vans - equipped with facilities such as wheelchair, stretcher and refreshment packets, etc. - that will help mobilize speciallyabled people to visit the nearest health centers to get vaccinated. Hero MotoCorp celebrated its 10th anniversary by recording a GUINNESS WORLD RECORDS™ for creating the 'Largest motorcycle logo' with the world's best-selling motorcycle Splendor+.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2745 as compared to the previous close of Rs. 2741.9. The total number of shares traded during the day was 25003 in over 3226 trades.

The stock hit an intraday high of Rs. 2763 and intraday low of 2731.05. The net turnover during the day was Rs. 68673885.

Source : Equity Bulls

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