Hero MotoCorp registers 83% decline in sales during May
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.
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.
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Nearly 5,000 customer touch-points of the company which account for 85% of sales have re-opened, the company said.