Hero MotoCorp clocks 16 percent growth in April sales

Hero MotoCorp is optimistic of demand revival going forward in the upcoming quarters.

By Mayank Dhingra calendar 02 May 2022 Views icon2684 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Hero MotoCorp clocks 16 percent growth in April sales

Hero MotoCorp clocked domestic sales of 398,490 vehicles in April, registering a 16.30 percent year-on-year growth over 342,614 units sold in the corresponding month last year.

The noticeable uptick in sales, however, comes on the back of a low year-ago sales when volumes were significantly impacted due to the second Covid wave in India in April 2021.

However, the exports numbers were not that encouraging. The company exported 20,132 units, a decline of 32 percent.

Of the cumulative domestic and export volumes of 418,622 units, motorcycle volumes stand at 392,627 units (April 2021: 339,329 / +15.70%), while scooters contributed 25,995 units (32,956 / -21.12%) in April. 

The company maintains that the April 2022 numbers indicate improving consumer sentiments which are likely to sustain owing to government policy support and a gradual revival of the economy.

Two-wheeler demand has been badly affected over the past fiscal as a result of poor retail sentiment, supply side headwinds, hike in insurance premiums and rising fuel cost along with the effect of Covid-19 and the lockdowns as a result.

 

RELATED ARTICLES
Ather 450 Apex to be quickest, most powerful Ather e-scooter yet

auther Autocar Pro News Desk calendar02 Dec 2023

New Apex, which will sit at the top of the current Ather range of e-scooters, will get a 3.7 kWh battery and is set to b...

Hyundai India sells 49,581 units in November, FY2024 first eight-month sales exceed 400,000

auther Autocar Pro News Desk calendar01 Dec 2023

Cumulative April-November 2023 sales at 411,784 units are up 8% YoY and 72% of the company’s record FY2023 sales of 567,...

MG Motor India’s November sales up 2% at 4,154 units

auther Autocar Pro News Desk calendar01 Dec 2023

Cumulative sales in the first eight months of FY2024 are 38,144 units, which constitutes 25% YoY growth