Two-wheeler sales: Hero MotoCorp sells 4.85 lakh units in January 2021
World's largest two-wheeler manufacturer Hero MotoCorp has released its January 2021 sales figures. The company has sold 485,889 units of motorcycles and scooters in January 2021. On January 21, 2021 the company also surpassed the significant milestone of 100 Million (10 Crores) units in cumulative production. The 100 millionth motorcycle, the Xtreme 160R, was rolled-out of the Company's manufacturing facility in Haridwar, in the northern Indian hill state of Uttarakhand. The company sold 449,037 units of motorcycles and 36,852 units of scooters in January 2021. The motorcycle sales were lower as compared to January 2020 at 494,432 units, however, the scooters sold have increased from 7,190 units in January 2020.
In the total figure of 4.85 lakh units, Hero has sold 467,776 units in the domestic market and 18,113 units in the exports in January 2021. Last year, these figures were 488,069 units of motorcycles and 13,553 units of scooters, making a total of 501,622 units. In terms of YTD FY'21 performance, 4,345,126 units of motorcycles and 363,988 units of scooters were sold, with a total of 4,571,157 units in the domestic market and 137,957 units in the exports. The figures for YTD FY'20 were 5,205,198 units of motorcycles and 371,632 units of scooters, with 5,434,577 units in the domestic market and 142,253 units in the exports.
In the month of January, Hero MotoCorp entered into a distribution agreement with Grupo Salinas, founded by Mexican entrepreneur Ricardo Salinas. Following the agreement, the two Companies have come together to form one of the largest distribution networks globally to sell competitive, high-quality products in the large Mexican market. Hero MotoCorp will launch nine products across various segments.