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Hero MotoCorp reports sequential growth of 16% in sales during May

02 Jun 2022 Evaluate

Hero MotoCorp has sold 486,704 units in May 2022. Sequentially, this translates into a growth of 16% over the month of April 2022, when the Company had sold 418,622 units. Hero MotoCorp had sold 183,044 units in the corresponding month of 2021 when the sales were impacted due to the resurgence in Covid19 cases and subsequent lockdowns.

The volumes in the month of May indicate the continuously improving consumer sentiment and the company expects the positive trend to continue in the coming months, on the back of normal monsoon, decent Rabi harvest and continued government policy support.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
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