Hero MotoCorp registers 83% decline in sales during May

In the domestic market, Hero MotoCorp's sales stood at 1,08,848 units in May as against 6,37,319 units in the same period a year ago, down 82.92%.
By : PTI
| Updated on: 03 Jun 2020, 02:08 PM
Hero bikes and scooters (Representational Image)
Hero bikes and scooters (Representational Image)
Hero bikes and scooters (Representational Image)
Hero bikes and scooters (Representational Image)

The country's largest two-wheeler maker Hero MotoCorp on Monday reported a 82.71% decline in total sales at 1,12,682 units in May.

The company had sold 6,52,028 units in the corresponding month of the previous year, Hero MotoCorp said in a statement.

(Also Read: After historic April low, May hints gradual recovery for auto sector amid crisis)

Total motorcycle sales stood at 1,06,038 units last month as against 6,06,216 units in May 2019, down 82.5%. 

Total scooter sales declined 85.49% to 6,644 units as compared with 45,812 units in the year-ago month, it added. 

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In the domestic market, sales stood at 1,08,848 units last month as compared with 6,37,319 units in the same period a year ago, down 82.92%.

"Ensuring stringent safety protocols for employee and customer well being, Hero MotoCorp scaled-up production in a graded manner during the month, after reopening three of its manufacturing facilities on May 4," the company said.

All six manufacturing facilities of the company in India – at Dharuhera and Gurugram in Haryana, Haridwar in Uttarakhand, Neemrana in Rajasthan, Halol in Gujarat and Chittoor in Andhra Pradesh – have now resumed operations with limited production, it added.

The company's manufacturing facilities at global locations – one each in Colombia and Bangladesh – also restarted production during the month, Hero MotoCorp said.

Operations have also resumed at the Jaipur-based Center of Innovation & Technology (CIT) in a graded manner and work on new product development has commenced, with strict safety and hygiene protocols, it added.

(Also Read: Hero MotoCorp says LIC has hiked stake by 2%)

Nearly 5,000 customer touch-points of the company which account for 85% of sales have re-opened, the company said.

First Published Date: 03 Jun 2020, 02:08 PM IST
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