Hero MotoCorp: Hero MotoCorp’s big hit, highest ever sales recorded in global markets
Hero MotoCorp:Hero MotoCorp, the world’s largest motorcycle and scooter maker, on Saturday announced that it has recorded its highest ever sales in global markets outside India this time compared to any calendar year so far. The company sold 2.89 lakh units of motorcycles and scooters in its markets spread across Asia, Africa, South and Central America and the Caribbean in the calendar year 2021 (January-December). An increase of 71 percent has been registered as compared to the same period last year. In 2020, the company sold 1.69 lakh units in its markets outside India.
‘Company’s target on the right track’
Sanjay Bhan, Head of Global Business, Hero MotoCorp, said, “Our new strategy of R4 – Recalibrate, Revitalize, Revolution, Revive – has already started yielding results for us. Due to the ongoing COVID-19 pandemic, global logistics and supply Taking into account constraints in the chain, sales in our global markets are in line with our plans for calendar year 2021. We are on the right track to meet our target of achieving 15 percent of the company’s total sales from our global business by 2025. are on.
Growing Global Presence
Hero MotoCorp has rapidly expanded its global footprint to over 42 countries across three continents. With the gradual opening up of international markets, Hero MotoCorp has also accelerated its global expansion plans. During the third quarter (October-December) of FY22, the company inaugurated its new exclusive dealership in Dubai. Due to which its presence in the United Arab Emirates (UAE) was further strengthened. Hero MotoCorp also inaugurated a flagship dealership in Buenos Aires in Argentina in partnership with Gilera Motors.
Coming soon electric vehiclebr>
Meanwhile, Hero MotoCorp is all set to introduce its first Electric Vehicle (EV) in the month of March this year. The vehicle will be produced at the company’s plant in Chittoor in the south Indian state of Andhra Pradesh.
how much was the sale
In the month of December, the company sold a total of 3,94,773 motorcycles and scooters in India and global business including its domestic market. The company had sold 349,393 units in November 2021, registering a sequential growth of 13 per cent in December. For the third quarter (October-December) of FY22, the company’s total sales stood at 12,92,136 units.
Hero MotoCorp is monitoring the situation on the ground. However, local restrictions imposed by some states will continue to restrict the movement of customers in the wake of rising Omicron cases.
new vehicles launched
In line with its commitment to bring youthful products to its customers, Hero MotoCorp introduced a range of new two wheelers during the third quarter. The company has added two exciting bikes to the ‘X’ range of its premium portfolio – Xtreme 160R Stealth Edition (Xtreme 160R Stealth Edition) and XPulse 200 4 Valve (Xpulse 200 4 Valve). The new scooter range Pleasure + XTec (Pleasure + Xtec) has also added to the festive atmosphere of the company.
