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Hero MotoCorp reports a 3.14% decline in sales in January 2021

Hero MotoCorp reports a 3.14% decline in sales in January 2021
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On Monday, two-wheeler major Hero MotoCorp reported a 3.14 percent decline in total sales to 4,85,889 units in January.

The company had sold a total of 5,01,622 units in the same month last year, Hero MotoCorp said in a statement.

Domestic sales were at 4,67,776 units as against 4,88,069 units in January last year, down 4.15 percent, it added.

Nevertheless, exports were up at 18,113 units compared to 13,553 units in the same month last year, the company said.

On January 21, 2021, the company said it outperformed the substantial milestone of 100 million (10 crores) units in total production.

Last month, Hero MotoCorp said it came into a distribution pact with Grupo Salinas, founded by Mexican entrepreneur Ricardo Salinas to establish a distribution network globally to sell competitive, high-quality products in the vast Mexican market.

The company will introduce nine products across different sections in the country.

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Written by Ritik Gupta

His name is Ritik Gupta; currently pursuing law. He has always kept pride as his everything. He deems writing as not like any other hobby but a reflection of one’s intellectuality. He likes to research on the parasitic problems and then lay them down in such a means that can be of assistance to the society. He just not studies law but treats it a controversial weapon to defeat the wrong.

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