ADVERTISEMENT
GaadiKey
  • Road Safety
  • Store
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
  • Privacy
No Result
View All Result
GaadiKey
No Result
View All Result
ADVERTISEMENT
Home Bikes

Hero retails 14 lakhs+ Two Wheelers in 32-day Festive Period

Hero MotoCorp - the world’s largest two-wheeler manufacturer - sold more than 14 lakh units of motorcycles and scooters, in retail sales during the just concluded festive season 2020

Chethan Thimmappa by Chethan Thimmappa
November 19, 2020
in Bikes, Hero
0
Hero Splendor+ launched in Black and Accent Edition
79
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Riding on robust customer demand for its range of products, Hero MotoCorp – the world’s largest two-wheeler manufacturer – sold more than 14 lakh units of motorcycles and scooters, in retail sales during the just concluded festive season, thereby continuing to gain market share and strengthen its leadership.

ADVERTISEMENT

Despite the severe disruptions on account of the Covid-19 this year, the good retail off-take during the 32-day festival period – spread between the first day of Navratra and the concluding day after Bhai Duj – was 98% of the festive season volumes sold by the Company in the previous year (2019) and 103% compared to the same period in 2018. 

This has enabled Hero MotoCorp to reduce the vehicle stocks at its dealerships to less than four weeks, the lowest ever post-festive inventory.

ADVERTISEMENT

The Company’s festival season retails were driven by the strong performance of its popular models across segments, including the 100cc Splendor+ and HF Deluxe, 125cc motorcycles Glamour and Super Splendor and the Xtreme 160R and the XPulse range in the premium segment. The Glamour in its BS-VI avatar continues to gain volumes in new markets. The festive season also witnessed strong customer preference for Destini and Pleasure scooters, resulting in high double-digit growth for the two models.

Hero MotoCorp has continued to consolidate its market share in the domestic two-wheeler market since the resumption of plant operations and retail sales in early May. Hero MotoCorp’s market share has grown by more than 500 bps in the month of October.

Thanks to the robust planning and preparations done by the entire Hero ecosystem including the dealer partners, the Company has been leading the revival of the domestic two-wheeler industry over the past several months despite the severe disruptions in the supply chain of components, plant operations and customer touch points in the market place. 

ADVERTISEMENT

Throughout the period since reopening of customer touch points, Hero MotoCorp has put in place strict protocols and measures to ensure the safety and wellbeing of multiple stakeholder groups, including the employees, their families, customers and all associates.

The news on the rapid development of Covid-19 vaccines is likely to enable a faster rebound of the global economy in the coming months. The positive forecast by the International Monetary Fund (IMF) projecting close to double-digit growth for the Indian economy in FY’22 is likely to boost customer sentiments in general and the two-wheeler sector in particular. The slew of recent measures announced by the Government should also help accelerate recovery and aid core sectors to rebound fast.

Highlights

  • Hero motocorp further consolidates market leadership in festive season 2020, despite severe disruptions
  • Retails more than 14-lakh units of two-wheelers in 32-day festive period
  • Inventory at dealerships at all-time post-festive low of less than four weeks

You can add more to this story by commenting below.

RECOMMENDED FOR YOU:

  1.   Hero delivers 751 units of Glamour to Karnataka Police Department
  2.   Hero Xtreme 200S BS6 launched in India at Rs 1.15 lakhs
  3.   Hero sells over 8 lakh Two wheelers in October 2020
SendShareTweet
ADVERTISEMENT
Previous Post

1000 units of Honda H’ness CB350 Delivered in 20 Days

Next Post

New Repsol Honda editions of Hornet 2.0 & Dio unveiled

Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries.

Related Posts

Aprilia SXR 160 Scooter unveiled at Auto Expo 2020 – Launch in Q3 2020
Aprilia

Piaggio opens New Vespa, Aprilia Showroom in Mumbai – V Italia

by Chethan Thimmappa
February 23, 2021
0

Piaggio Vehicles Pvt Ltd, today announced the opening of a brand-new dealership in Mumbai, for its iconic Vespa and sporty...

Read more
2021 Bajaj Pulsar 180 launched at Rs 1.08 lakhs

2021 Bajaj Pulsar 180 launched at Rs 1.08 lakhs

February 23, 2021
BMW R 18 Classic Motorcycle debuts in India

BMW R 18 Classic Motorcycle debuts in India

February 23, 2021
Indian Motorcycle gears up to bring the Chief Line up in India

Indian Motorcycle gears up to bring the Chief Line up in India

February 20, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Hyundai ALCAZAR – 7 Seater Premium SUV Announced

Hyundai ALCAZAR – 7 Seater Premium SUV Announced

February 24, 2021
Aprilia SXR 160 Scooter unveiled at Auto Expo 2020 – Launch in Q3 2020

Piaggio opens New Vespa, Aprilia Showroom in Mumbai – V Italia

February 23, 2021
2021 Nissan Magnite Colors - All New Magnite Colors All

Nissan Magnite Colors: Red, Brown, Silver, White, Blue, Black

February 23, 2021
2021 Jeep Wrangler Production commences in Ranjangaon Plant

2021 Jeep Wrangler Production commences in Ranjangaon Plant

February 23, 2021
2021 Bajaj Pulsar 180 launched at Rs 1.08 lakhs

2021 Bajaj Pulsar 180 launched at Rs 1.08 lakhs

February 23, 2021
BMW R 18 Classic Motorcycle debuts in India

BMW R 18 Classic Motorcycle debuts in India

February 23, 2021
2021 Renault Kiger Colors - New Renault Kiger All Color options

Renault Kiger Colors: Blue, Brown, Grey, White, Red, Silver

February 23, 2021
Chinese Auto manufacturer Great Wall to enter India Car market

India to accept Chinese investment – Great Wall Motor, SAIC included

February 22, 2021




Archives

Test Driven

Renault Kiger Review – Is it better than Magnite?
Car Reviews

Renault Kiger Review – Is it better than Magnite?

February 22, 2021
The Royal Enfield Meteor 350 Review
Bike Reviews

The Royal Enfield Meteor 350 Review

February 17, 2021
Citroen C5 Aircross Review – Comfort Car from France
Car Reviews

Citroen C5 Aircross Review – Comfort Car from France

February 15, 2021
New Tata Safari Review – Solidly Built
Car Reviews

New Tata Safari Review – Solidly Built

February 4, 2021

Search this Website

No Result
View All Result

Archives

Important Links

  • GaadiKey Store
  • GaadiKey Photos
  • GaadiKey Android App

Recent Posts

  • Hyundai ALCAZAR – 7 Seater Premium SUV Announced
  • Piaggio opens New Vespa, Aprilia Showroom in Mumbai – V Italia
  • Nissan Magnite Colors: Red, Brown, Silver, White, Blue, Black
  • 2021 Jeep Wrangler Production commences in Ranjangaon Plant
  • 2021 Bajaj Pulsar 180 launched at Rs 1.08 lakhs

About

GaadiKey

GaadiKey blog is a one stop portal for all the latest in the automobile industry. We are a bunch of people who are passionate about bikes and cars. We share the experience, reviews and stuff connected to Gaadis.

© 2021 GaadiKey - Prime GaadiKey.

No Result
View All Result
  • Road Safety
  • Store
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
  • Privacy

© 2021 GaadiKey - Prime GaadiKey.