Hero Motocorp Sells Over 1 Lakh Motorcycles Scooters In A Single Day sakshi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sakshi.com Daily Mail and Mail on Sunday newspapers.
Two-wheeler market leader Hero MotoCorp on Thursday said its total sales stood at 5,76,957 units in March 2021. The company had sold 3,34,647 units in March last year, when sales were adversely impacted due to the impending transition to BS-VI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic , Hero MotoCorp said in a statement. In financial year 2021, the auto industry witnessed significant disruptions triggered by the coronavirus pandemic, restricting customer movement. Despite these challenges, Hero MotoCorp sold 57,91,539 units of two-wheelers in the fiscal year. In the financial year 2020 it had sold a total of 64,09,719 units, it added.
Shares of Hero MotoCorp, on Tuesday, rose 2.2 per cent to Rs 3,423.50 on the BSE after the two-wheeler maker reported a 1.45 per cent increase in total sales at 5.05 lakh units in February. The company had sold 4.98 lakh units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4.63 lakh units last month as against 4.79 lakh units in February 2020, down 3.25 per cent. Total scooter sales, however, increased over two fold to 41,744 units as compared with 18,932 units in the year-ago month, it added. In the domestic market, sales rose marginally to 4.84 lakh units last month as compared with 4.80 lakh units in the same period a year ago. Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period.
Hero MotoCorp share rises over 3% after February sales cross 5 lakh mark
Hero MotoCorp stock touched an intraday high of Rs 3,464.2 rising 3.41% against previous close of Rs 3,350 on BSE
BusinessToday.In | March 2, 2021 | Updated 12:18 IST
Hero MotoCorp share opened marginally higher at Rs 3,352. Market cap of the firm rose to Rs 69,303 crore.
Hero MotoCorp share rose over 3% in trade today after the world s largest two-wheeler manufacturer clocked a sales growth of 1.45% in February 2021 compared to the year-ago period. The stock has risen 6.92% in the last 2 days.
The auto stock touched an intraday high of Rs 3,464.2 rising 3.41% against previous close of Rs 3,350 on BSE. The share opened marginally higher at Rs 3,352. Market cap of the firm rose to Rs 69,303 crore.
Tata Motors reports highest passenger vehicle sales in 9 years Maruti, Ashok Leyland, outperform street expectations
Tata Motors reports highest passenger vehicle sales in 9 years Maruti, Ashok Leyland, outperform street expectations
Navdeep YadavMar 1, 2021, 15:12 IST
BCCL
The actual numbers in the case of Maruti and Ashok Leyland have outperformed the street estimates. However, it failed to meet the expectations for Bajaj Auto.
The country s largest carmaker Maruti Suzuki India reported a 11.8% increase in wholesales to 1.64 lakh units in February.
Despite the two-wheelers segment being under pressure, Bajaj Auto saw its two-wheeler sales up 7% compared to the same period last year.
Check out the latest news and updates on Business Insider.Indian auto-manufacturers reported a mixed bag of sales in February as the slowing demand and supply chain constraints continued to keep two-wheeler sales under pressure.