Stock Report

Hero MotoCorp has sold 418,622 units in April 2022, increases 12.4% YoY

Posted On : 2022-05-01 19:55:26( TIMEZONE : IST )

Hero MotoCorp has sold 418,622 units in April 2022, increases 12.4% YoY

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 418,622 units in April 2022.

The company reported a double-digit growth of 12.4% over the corresponding month of the previous year (April 2021), when the company had sold 372,285 units.

The company has sold 3,92,627 motorcycles in April 2022 as against 3,39,329 in April 2021. The scooters sales was down to 25,995 in April 2022 from 32,956 in April 2021.

Domestic sales was at 3,98,490 units in April 2022 as compared to 3,42,614 in April 2021. Exports were at 20,132 in April 2022 as against 29,671 in April 2021.

With the economy gradually opening up and continued government policy support, April volumes indicate the continuously improving consumer sentiments.

Earlier this month, Hero MotoCorp partnered with Directorate of Indian Army Veterans and handed over Hero Destini 125 scooters to the soldiers who were disabled while in service. These retro-fitted Hero Destini 125 scooters are supported by two auxiliary wheels in the rear - which have been customised to provide a safe and convenient riding experience. The company has already handed over more than 100 such retro-fitted Destini scooters to the soldiers in various states across the country.

In the month of April, Hero MotoCorp collaborated with the Automotive Skill Development Council (ASDC) for "Project Jeevika", to upskill and train two-wheeler market technicians across the country on BS-VI Technology. The company has already trained more than 6000 technicians through TVET (Technical and Vocational Education and Training) ecosystem.

In keeping with its unwavering commitment towards the preservation of biological diversity under the Project Hero Green Drive, the company handed over 250 Hero Glamour Motorcycles to the Haryana Forest department and Compensatory Afforestation Fund Management and Planning (CAMPA) authority to commemorate World Earth Day, this year.

Hero MotoCorp was honored with Self Certification Status for Indian Army Supplies by DGQA - Director General Quality Assurance, Ministry of Defence for its best quality procedures, process and products in the automobile industry.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2505.25 as compared to the previous close of Rs. 2517.60. The total number of shares traded during the day was 34403 in over 4288 trades.

The stock hit an intraday high of Rs. 2552.95 and intraday low of 2491.05. The net turnover during the day was Rs. 86603659.00.

Source : Equity Bulls


HeroMotoCorp INE158A01026 SalesVolume April2022 Domestic Exports Motorcycles Scooters