Hero MotoCorp: New Delhi Hero MotoCorp Sales: The festive season is in full swing, and it is considered a good time to buy a new vehicle. And the vehicle manufacturer company is also taking full advantage of this opportunity. For example, India’s largest two-wheeler company, Hero MotoCorp, is offering some fantastic deals during this festive season.
The company has issued a press release stating that it has sold more than 14 lakh bikes in the domestic market in just 32 days. This is the highest sales figure ever recorded by Hero MotoCorp. The demand for vehicles during this festive season, which runs from Navratri to Bhai Dooj, has been remarkable, with sales reaching both rural and urban areas.
Compared to last year, the company has recorded a growth rate of 19%. Due to the demand, the company has set a record for the highest sales this year, surpassing the 12.7 lakh two-wheeler sales in 2019. The company had earlier stated that it expected an increase in demand for two-wheelers in the domestic market due to the country’s improved economic conditions.
The company has recently announced its entry into the European market and is focusing on improving and enhancing its sales. Furthermore, the company aims to open at least 100% retail stores in the next 6 months.
Hero MotoCorp’s vehicle portfolio includes commuter, sport, and electric scooters. However, the highest demand is for the 100cc segment bike. The company has sold approximately 2 lakh units of its most popular bike, Hero Bike, each month, making it one of the best-selling bikes from the company.
The company has not shared sales breakup shares for its models. But it is expected that the Splendor is leading the way this time.
, Hero MotoCorp is experiencing an upward trajectory in sales, and its focus on expanding into new markets and providing excellent deals during the festive season has clearly paid off.
Summery:
1. Hero MotoCorp is offering amazing deals and sales during the festival season, selling over 14 lakh bikes in the domestic market in just 32 days.
2. The company has recorded a growth rate of 19% compared to the previous year and is focused on expanding its retail stores and entering the European market.
3. The demand for 100cc segment bikes is the highest in Hero MotoCorp’s vehicle portfolio, with the Splendor model leading in sales.
4. The company has not disclosed the sales breakup of its models, but it is expected that the Splendor is the best-selling bike.
5. In comparison to 2019, the company has achieved record-breaking sales, driven by the demand in the domestic market and the economic stability.
