Tweet
Signalling a positive turn-around for the two-wheeler industry, Hero MotoCorp sales in August 2020 grow 13% over the month of July 2020. Hero MotoCorp sold 584,456 units of motorcycles and scooters in the month of August 2020, a growth of 7.55% over the corresponding month of the previous year (August 2019) when it sold 543,406 units.
Hero MotoCorp’s latest addition to its range of motorcycles – the Xtreme 160R – has also led to an increase in the company’s premium segment market share.
The Company is also witnessing strong retail off-take and is currently operating in pull-market with rural and semi-urban centres driving demand.
With August marking another step forward in the market's recovery, the Company cautiously anticipates sales to continue their upward trajectory with favourable factors such as the upcoming festive season, increasing consumer confidence and continued government policy support.
Now operating at nearly 100% production capacity with almost all customer touchpoints open, the Company remains committed to the health and safety of everyone in its ecosystem, including its customers.
Hero MotoCorp’s latest addition to its range of motorcycles – the Xtreme 160R – has also led to an increase in the company’s premium segment market share.
The Company is also witnessing strong retail off-take and is currently operating in pull-market with rural and semi-urban centres driving demand.
With August marking another step forward in the market's recovery, the Company cautiously anticipates sales to continue their upward trajectory with favourable factors such as the upcoming festive season, increasing consumer confidence and continued government policy support.
Now operating at nearly 100% production capacity with almost all customer touchpoints open, the Company remains committed to the health and safety of everyone in its ecosystem, including its customers.
