Hero MotoCorp Creates Historic Record In Volume Sales In A Single Month – Sells More Than 8 Lakh Motorcycles & Scooters In October 2020

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Reflecting a strong customer preference for most trusted brands, Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, sold 806,848 units of motorcycles and scooters in October 2020 – its highest-ever sales in any single month.

Continuing its growth momentum, Hero MotoCorp reported a robust double-digit growth of 35% over the corresponding month of the previous year (October 2019), when the company had sold 599,248 units.

A positive turnaround in customer sentiments – particularly for motorcycles across markets, continued government policy support and a credible resumption of 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 touch points 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.

  Oct’20 Oct’19 YTD FY’21 YTD FY’20
Motorcycles 732498 552672 2939553 3827707
Scooters 74350 46576 245246 305881
Total 806848 599248 3184799 4133588
Domestic 791137 586988 3102391 4028505
Exports 15711 12260 82408 105083

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