Hero MotoCorp sales at 380,476 units in January 2022, exports log strong momentum; Stock holds steady

2 Feb 2022 , 12:06 PM

Hero MotoCorp has announced sales of 380,476 units in January 2022. The two-wheeler giant stated that the third wave of the pandemic, subsequent staggered state-wise lockdowns and restricted movement impacted the overall sales volume of the month. In January last year, the company has posted sales of 4,85,889 units.

In January 2022, the company’s domestic sales stood at 3,58,660 units versus 4,67,776 units in January 2021. Exports stood higher at 21,816 units in January this year compared to 18,113 units sold in the last year same month.

On Union Budget 2022 outcome, Dr Pawan Munjal, Chairman & CEO, Hero MotoCorp, said, “One of the landmark announcements of this Budget is the battery swapping policy, which has the potential to be a game-changer in catalysing the migration to EVs. While the scale of its impact will be clear upon the formation of the policy, the industry is committed to sharing its insights and expertise with the Government to make this a reality. I am personally delighted with this move by the Government as it resonates with our Company’s and my commitment to the cause of Sustainability.”

“The renewed focus on sustainability through natural and organic farming, PLI on green energy and the creation of funds will further India’s efforts to meet climate-change goals for a sustainable future,” the Chairman and CEO added.

Further, Dr Munjal said that the “continued focus on infrastructure will not only improve the quality of lives and generate jobs but will also help Indian industry become globally competitive.”

At around 12.05 pm, Hero MotoCorp was trading at Rs2730.40 per piece marginally up on BSE.