Two-Wheeler Sales February 2022: Hero MotoCorp Records Sales Decline Of 29.12 Per Cent

Hero MotoCorp recorded a sales decline of 29.12 per cent in February 2022 selling 3,58,254 units as compared to 5,05,467 units sold in the same month a year ago. The company's motorcycle sales went down by 27.01 per cent selling 3,38,454 units last month as compared to 4,63,723 units sold in the same month a year ago. Hero MotoCorp sold 19,800 scooters last month witnessing a drop of 52.56 per cent when compared to 41,744 units which were sold in the same month a year ago. As far as the domestic market is concerned, the company sold 3,31,462 units in February 2022 recording a decline of 31.57 per cent when compared to 4,84,433 units sold a year ago. That said, its exports went up by 27.34 per cent selling 26,792 units last month as compared to 21,034 units in the same month last year.

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In its statement the company said, "With a sharp decline in the number of Covid-19 cases and the economy gradually opening up with several other positive indicators, such as easing of the lockdown restrictions, as well as the measures announced in the FY'23 Union Budget, a swift revival in sales is expected in the coming months."

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Hero MotoCorp sold 19,800 scooters last month witnessing a drop of 52.56 per cent.

As far as year-to-date sales are concerned, the company sold 44,93,996 units in the April 2021 - February 2022 period witnessing a decline of 13.81 per cent when compared to 52,14,581 units sold in the same period a year ago. The company sold 42,02,044 units of motorcycles in the same period recording a decline of 12.61 per cent when compared to 48,08,849 units sold a year ago. Its scooter sales too went down by 28.04 per cent selling 2,91,952 units as compared to 4,05,732 units sold in the same period a year ago. In the domestic market it sold 42,27,762 units witnessing a sales decline of 16.37 per cent when compared to 50,55,590 units sold a year ago. In the same period its exports went up by 67.45 per cent at 2,66,234 units as compared to 1,58,991 units exported in the same period a year ago.