Hero Motocorp sells 3.58 lakh units of motorcycles and scooters in Feb

3 Mar 2022 , 10:34 AM

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 358,254 units down 29% in February 2022. The company had dispatched 5, 05,467 units in the same month in 2021.

Total sales include domestic sales of 3,31,462 units and exports of 26,792 units.

In the month of February 2022, Hero MotoCorp became the first automotive OEM to tie up with a leading Public Sector Undertaking (PSU) to set up charging infrastructure across the length and breadth of the country. The company has collaborated with Bharat Petroleum Corporation Limited (BPCL), to establish charging infrastructure for two-wheeled electric vehicles (EVs) across the country in its endeavor to electrify India.

With a sharp decline in the number of Covid-19 cases and the economy gradually opening up with several other positive indicators, such as easing of the lockdown restrictions, as well as the measures announced in the FY’23 Union Budget, a swift revival in sales is expected in the coming months.

The stock is currently trading at Rs2,435.35 up by Rs7.85 or 0.32% from its previous closing of Rs2,427.50 on the BSE.

The scrip opened at Rs2,449.95 and has touched a high and low of Rs2,469 and Rs2,421.20 respectively.