Hero Moto’s February sales drop 32 percent

by Autocar Pro News Desk , 02 Mar 2022

Hero MotoCorp sold 358,254 units including exports in February 2022. This tally comprised 3,38,454 units of motorcycles and 19,800 scooters.

The company sold 5,05,467 units in the year-earlier month comprising 463,723 units for bikes and 41,744 scooters. Sales in this month were down 32 percent as compared to the year-earlier month. For February 2022, domestic sales alone were 3,31,462 units and exports were 26,792 units. Year-earlier month figures were 4,84,433 units and exports were 21,034 units.

The company’s February sales in the domestic sales were 32 percent less than year-earlier month sales. Exports in this month at 26,792 units over 21,034 units in the year-earlier period. For the year to date, total sales were 44,93,996 units as against 52,41,581 units,  a fall of 14  percent.

Two-wheelers have been affected by rising fuel prices and insurance costs, as well the impact of the pandemic which has led to job losses in the smaller towns and cities.