Hero MotoCorp, the country’s largest two-wheeler maker, started the new year with a business downturn. They sold a total of 3,60,46 motorcycles and scooters in January in the domestic and foreign markets. The number is not small, but significantly lower than the sales in January 2021. The sales volume of the service was 4,75,69. As a result, the company’s business deficit last month was 22 percent.
In the Indian market, 3,57,60 bikes and scooters were sold, but sales fell by 23 per cent over the previous year. But a 20 per cent increase in exports has provided the company with water. In January, they exported a total of 21,616 two-wheelers to overseas markets.
The third wave of Corona Extreme has affected business due to various restrictions and state-based lockdowns, the company said. Note that Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters. For 20 years in a row, the company has retained this desired position in its sales. So far, they have sold more than 100 million bikes and scooters.
Meanwhile, Hero MotoCorp’s dividend has declined by 22.4% despite a profit of Rs 748.69 crore till the second quarter of last year. On the other hand, the company’s sales in the second quarter of 2021 decreased by 9.9% compared to the second quarter of 2020.