Hero MotoCorp has registered sale of 3,49,393 units in November 2021. It had sold 5,91,091 motorcycles and scooters combined in the comparable period last year. It has sold 3,29,185 motorcycles and 20,208 scooters in November.
Delay in harvesting due to the late withdrawal of monsoon in many parts of the country, impacted the demand post festive season. With the economy gradually opening up coupled with several other positive indicators, such as encouraging farm activity, confident consumer index and marriage season, a swift revival in sales is expected in the fourth quarter. Additionally, commodity prices showing some signs of softening aided with the reduction of excise duty on fuel, and increased spending on Capex programs by the government is likely to bring back the momentum in the two-wheeler industry.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
