Hero MotoCorp sales fall 22% in August, expect a comeback during the holiday season

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Hero MotoCorp, India’s largest two-wheeler maker, reported a decline of 22% in August 2021 as compared to the same month a year ago. Last month, the domestic two-wheeler maker registered 453,879 units, down from 584,456 units in August 2020.

Between April and August of FY 2012, the company sold a total of 19,32,784 two-wheelers. The company sold 16,62,233 two-wheelers in the same period last year. Last month, Hero MotoCorp sold 431,137 two-wheelers in the domestic market. The company had registered 568,674 units of domestic sales in the same month last year. It recorded 18,01,052 units between April-August this fiscal.

Last month, Hero MotoCorp sold 420,609 bikes and 33,270 scooters. The two-wheeler maker has said that it will not prepare for the upcoming festive season. The festive season is often when India’s automobile manufacturers see the highest sales.

The business also said that while there are several positive signs, such as a good monsoon that encourages agricultural activities in core areas of the country and several government schemes in the social sector, the company is optimistic about higher demand in the coming months.

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