Stock Report

Hero MotoCorp sells 445,580 units in July 2022

Posted On : 2022-08-01 22:55:34( TIMEZONE : IST )

Hero MotoCorp sells 445,580 units in July 2022

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 445,580 units in July 2022.

Signaling a steady sequential growth, Hero MotoCorp has sold 18,35,773 units of motorcycles and scooters so far (April-July) in FY'23. This is a double-digit growth of 24.1% over the corresponding period of FY'22, when the Company had sold 14,78,905 units.

The normal monsoon in most parts of the country, and the consequent agricultural harvest along with the upcoming festive season is expected to keep the sentiments positive and help build the momentum further.

In the first month of the second quarter, Hero MotoCorp launched the exclusive Rally Edition of its widely popular motorcycle Xpulse 200 4V and the latest edition of the iconic Super Splendor in Canvas Black Edition, which comes with the triple promise of Super - Power, Super - Mileage and Super - Comfort.

In the month of June, the company announced Hero Dirt Biking Challenge (HDBC) - the firstof-its-kind pan-India talent-hunt program by an OEM (original equipment manufacturer). HDBC is aimed at providing budding riders, enthusiasts and amateurs the much-awaited platform who want to pursue their passion in off-road racing and make a name for themselves in the field.

As part of the community welfare programs under the Company's Corporate Social Responsibility (CSR) platform "Hero WeCare", Hero MotoCorp launched an Agroforestry project for the people of Jahota village near Jaipur. As a part of this project in keeping with its long-term commitment to promote environmental development, more than 20,000 fruitbearing trees will be planted and maintained for three years in partnership with 101 farmers in the village.

Hero MotoCorp inaugurated a Public Health Center (PHC) and a newly-constructed checkdam in Chandwaji village which is capable of holding more than 3000 cubic meters water. The check-dam will benefit the villagers by recharging ground water level and providing drinking water for their livestock.

In the month of June, Hero MotoCorp also handed over 1167 Hero Glamour motorcycles to West Bengal Police to enhance mobility of the police personnel in ensuring safety of women and prevention of crime in the state.

Source : Equity Bulls


HeroMotoCorp July2022 SalesVolume Motorcycles Scooters