New Delhi, March 01, 2021.
Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, sold 505,467units of motorcycles and scooters in February 2021.
The company had dispatched498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).
The growth in sales – despite the ongoing challenges on account of supply chain issues that the industry is facing – has been possible due to the state of preparedness and quick countermeasures taken by the company.
Hero MotoCorp recently announced its highest-ever revenue for any single quarter. The Company reported revenue of Rs. 9,776 Crore for the third quarter (October-December 2020) of FY’21 (vs Rs. 6,997 Cr. in Q3 FY’20). The company also declared interim dividend of Rs. 65 per share amounting to 3250% and announced a special interim dividend of Rs 100 Crore@ Rs. 5 perequity share.
Hero MotoCorp remains optimistic about growth in the coming months, as a credible recovery in the Indian economy and a positive momentum towards personal mobility is likely to further strengthen the demand for two-wheelers.
With the vaccination drive also gaining pace across the country, the company expects a swift recovery for businesses and the economy in the coming months.
| Feb’21 | Feb’20 | YTD FY’21 | YTD FY’20 | |
| Motorcycles | 463723 | 479310 | 4808849 | 5684508 |
| Scooters | 41744 | 18932 | 405732 | 390564 |
| Total | 505467 | 498242 | 5214581 | 6075072 |
| Domestic | 484433 | 480196 | 5055590 | 5914773 |
| Exports | 21034 | 18046 | 158991 | 160299 |
