Two-Wheeler Sales May 2021: Hero MotoCorp Sells 1.83 Lakh Two-Wheelers

Hero MotoCorp is the world's largest two-wheeler manufacturer by volume, is feeling the heat of the lockdown after the company's month on month sales dropped 50.83 per cent. The company sold 183,044 units of two-wheelers in the month of May 2021 which is 62.44 per cent more than sales of 112,682 units in May 2020 and 50.83 per cent less than 372,285 units sold in April 2021. Hero MotoCorp says sales in May 2021 were adversely impacted due to the closure of plant operations in view of the escalation in the spread of the Coronavirus in the country. The company proactively halted operations at all of its manufacturing facilities across the country on April 22. Three of the plants - located in Gurugram, Haridwar and Dharuhera - resumed single-shift operations on May 17, followed by the other three located in Neemrana, Halol and Chittoor on May 24.

Also Read: Hero MotoCorp Resumes Manufacturing At All Plants From May 24, 2021

(Hero despatched 178,076 motorcycles and 4,338 scooters in May 2021)

Hero despatched 178,076 motorcycles and 4,338 scooters in May 2021 which is a growth of 68 per cent and a decrease of 34.71 per cent respectively over May 2020. Hero reported sales of 339,329 motorcycle units and 32,956 scooter units in April 2021, which are significantly more in terms of numbers. The company sold a total of 159,561 units domestically in May 2021 which is 46.59 per cent more than 108,848 units sold in May 2020. Exports stood at 23,483 units for May 2021 which is a growth of 512.49 per cent over 3,834 units exported in May 2020. Hero sold 342,614 units in the in the domestic market and exported 29,671 units in April 2021. The difference in domestic sales figures of April 2021 and May 2021 is a staggering 53.43 per cent.

Also Read: Hero MotoCorp To Enter EV Segment In 2022

(Hero said that sales in May 2021 suffered because of lockdowns and temporary production of suspension, on account of the second wave of COVID-19)

Considering the situation, Hero says that sales volume of May 2021 is not comparable with either May 2020 or April 2021. The general sales uptake in May 2020 was slow and hence the abnormal growth is a one-off instance. The month-on-month figures reveal the true picture and suggest that the company lost ground in May 2021 on account of partial lockdowns in many states of the country along with temporary suspension of manufacturing at all plants. Hero said it will continue to monitor the situation closely and will move to double-shift production gradually.