Hero MotoCorp reports 3.14% decline in total sales in January

Two-wheeler major Hero MotoCorp on Monday reported a 3.14 per cent 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 per cent, it added.

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

On January 21, 2021 the company said it surpassed the significant milestone of 100 million (10 crore) units in cumulative production.

Last month, Hero MotoCorp said it entered into a distribution agreement with Grupo Salinas, founded by Mexican entrepreneur Ricardo Salinas to form a distribution network globally to sell competitive, high-quality products in the large Mexican market.

The company will launch nine products across various segments in the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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