{"id":41991,"date":"2021-01-03T08:23:07","date_gmt":"2021-01-03T02:53:07","guid":{"rendered":"https:\/\/livingwithgravity.com\/?p=41991"},"modified":"2021-06-13T17:45:24","modified_gmt":"2021-06-13T12:15:24","slug":"hero-motocorp-ltd-reported-rise-by-5-yoy-in-their-sales","status":"publish","type":"post","link":"https:\/\/livingwithgravity.com\/hero-motocorp-ltd-reported-rise-by-5-yoy-in-their-sales\/","title":{"rendered":"Hero Motocorp Ltd reported rise by 5% YOY in their sales"},"content":{"rendered":"\n

As we published about the <\/span>Royal Enfield sales figures yesterday<\/span><\/a> and they are positive.<\/span><\/p>\n

While 2020 August was not good for the majority of Indian players.<\/a><\/p>\n

The Indian Motorcycle market has started to pick, although it may take some time to fully recover. However, we do see the results.<\/span><\/p>\n

Today we talk about another significant Indian motorcycle giant Hero Motocorp who has reported a <\/span>5.29%<\/span><\/strong> rise in sales.<\/span><\/p>\n

December YOY sales<\/span><\/h2>\n

According to <\/span>Business Standard<\/span><\/a> Hero MotoCorp sold 4,47,335 units in December 2020 from 424,845 units in December 2019.<\/span><\/p>\n

Total sales<\/span><\/h2>\n

The difference 22,490 units. However, the total sales went down by 24.2% in December 2020 from 5,91,091 units sold in November 2020.<\/span><\/p>\n

The two-wheeler manufacturer further said they consolidated the market leader and supported them to provide the third quarter’s best results.<\/span><\/p>\n

Domestic sales<\/span><\/h2>\n

When it comes to domestic sales, they grew by 3.1% as Hero sold 4,25,033 units in December 2020 compared to the 412,009 units in December 2019.<\/span><\/p>\n

Hero Motocorp made a statement by saying, <\/span>“The December volumes indicate the continuously improving consumer sentiment. And the company expects the positive trend to continue in the new year, despite the Covid-19 pandemic challenges. <\/span><\/em><\/p>\n

The wide range of best-in-class products and consistent alignment of new technologies and services will ensure the company’s strong growth impetus in 2021.”<\/span><\/em><\/p>\n

However, the stock went down by 0.41%, and the shares closed at 0.34% low. There are other factors like its partnership with Harley<\/a> and bringing new products<\/a> will provide a boost in future. <\/span><\/p>\n

We see Hero concepts from Bezzi<\/a>, and in future, Hero may like to bring them in production.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":28952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,39],"tags":[22250,17328,17370,19113,22248,22249],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/41991"}],"collection":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/comments?post=41991"}],"version-history":[{"count":4,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/41991\/revisions"}],"predecessor-version":[{"id":51513,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/41991\/revisions\/51513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/media\/28952"}],"wp:attachment":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/media?parent=41991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/categories?post=41991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/tags?post=41991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}