Categories: Business

Hero motocorp sales surpass 5 lakh unit in July 20


hero motocorp sales

new Delhi. Hero Motocorp, the country's largest two-wheeler manufacturer, is moving towards rapid recovery. This is indicated in the July sales result. The company sold more than 5 lakh two-wheelers in the month of July. According to the company, the total sales of motorcycles and scooters during the month were 514509 units. It is down only 3.9 per cent over the previous year. In July last year, the company sold 535810 units. According to the company, it is encouraging to reach last year's sales levels amid lockdowns, business restrictions and the Corona crisis. During July, the company sold 5.06 lakh vehicles in the domestic market, almost at the same level as last year, in July last year, domestic sales were 5.11 lakh, which means sales fell less than 1 percent this year. The company exported 7563 vehicles during July, compared to 24,000 vehicles exported in the same month last year.

After the sales figures, the company said that under pressure in the economy, the company has registered a growth of 14 per cent over the previous month. It has seen an increase for the third consecutive month. This recovery in sales is due to strong demand from the domestic market. According to the company, they remain optimistic about the growth in demand in the coming years, although new small scale restrictions in any part of the country, with increasing cases of corona, could affect sales. For the pace of growth to continue, states and local administrations should maintain a better environment for the economy.

This post was published on August 2, 2020 12:39 pm

Content Team

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