Hero MotoCorp has sold over 8 lakh units in October 2020, recording 35 percent growth
Indian two-wheeler major Hero MotoCorp, also the world's largest two-wheeler manufacturer company, sold over 8 lakh units in October 2020. These staggering numbers have helped the company record a growth of 35 per cent compared to October 2019's sales performance of 5.99 lakh units.
The company mentions, A positive turnaround in customer sentiments particularly for motorcycles across markets, continued government policy support and a credible resumption of the supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period. With the higher dispatches during the month, the company's customer touchpoints across the country now have adequate inventories in line with market demand in the ongoing festival period.
The company has also registered significant gains in market share in the second quarter (July-September) across product categories and geographies and expect to further build on this momentum going ahead. Last month, Hero MotoCorp announced a new journey with the legendary motorcycle manufacturer Harley-Davidson for India market. Hero MotoCorp will sell and service Harley-Davidson motorcycles and sell Parts and Accessories and General Merchandise riding gear and apparel in India under a distribution agreement. Hero MotoCorp will also develop and sell a range of premium motorcycles under the Harley-Davidson brand name as a part of a Licensing agreement.