Hero MotoCorp reports 22% dip in wholesales to 4,53,879 units in August

Hero MotoCorp reports 22% dip in wholesales to 4,53,879 units in August

PTIUpdated: Wednesday, September 01, 2021, 09:26 PM IST
article-image
In the domestic market, the company sold 4,31,137 units last month, down 24 per cent from 5,68,674 units in the same period last year, Hero MotoCorp said / Representational Image |

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 4,53,879 units in August as compared with same month last year.

The company had dispatched 5,84,456 units to its dealerships in August 2020.

In the domestic market, the company sold 4,31,137 units last month, down 24 per cent from 5,68,674 units in the same period last year, Hero MotoCorp said in a statement.

The two-wheeler maker said it is gearing up for the upcoming festive season, and with several positive indicators, such as the decent monsoon resulting in encouraging farm activity in most parts of the country, and the several government schemes in the social sector, it remains optimistic about demand in the coming months.

RECENT STORIES

Edelweiss Mutual Fund launches the Nifty Alpha Low Volatility 30 Index Fund

Edelweiss Mutual Fund launches the Nifty Alpha Low Volatility 30 Index Fund

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating

RBI Announces Auction Sale of Govt. Securities Of Rs 32,000 Crore

RBI Announces Auction Sale of Govt. Securities Of Rs 32,000 Crore