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HomeAutoHero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

Hero Motocorp’s sales fell drastically in February 2022, 3,58,254 units sold

Talking about YTD FY22 sales, the company has sold 44,93,996 units of vehicles, while Hero Motocorp sold 52,14,581 units of vehicles in YTD FY21. This year the company’s sales have seen a decline. Hero Motocorp sold a total of 3,38,454 motorcycles in February 2022.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

In February last year, the company had sold 4,63,723 motorcycles, due to which there has been a decline in the sales of motorcycles in February this year. The company sold a total of 42,02,044 units of motorcycles in FY22, while the number of motorcycles for FY21 stood at 48,08,849 units.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

Hero Motocorp’s portfolio includes motorcycles like Hero Glamor, Splendor, Passion, HF Deluxe, Xpulse, Xtreme etc. Talking about the sales of scooters in February 2022, the company has also faced negative sales in this segment.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

While the company sold 41,744 scooters in February last year, Hero has sold 19,800 units in February this year. The YTD numbers are 2,91,952 units for FY22 and 4,05,732 units for FY21. Hero’s portfolio includes scooters like Pleasure, Maestro and Destini.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

The share of domestic sales to the total volume in February 2022 stood at 3,31,462 units. The year-on-year growth is negative as compared to 4,84,433 units sold in the corresponding period last year. The YTD numbers are 42,27,762 units in February 2022 as compared to 50,55,590 units in FY21.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

Hero Motocorp has registered a positive year-on-year growth in exports in February. A total of 26,792 units have been exported in February 2022 as compared to 21,034 units in February last year. The YTD numbers in FY22 are 2,66,234 units as against 1,58,991 units in FY21.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

While it continues to dominate the petrol-powered two-wheeler segment, Hero Motocorp, on the other hand, has started working actively in the EV space as well. It is clear that the company wants to become a leader in the EV space as well. Hero is yet to launch its first EV.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

But the company is working on its first electric scooter. Let us tell you that last year the company officially announced that the company can launch its first electric scooter in the market by March 2022. The two-wheeler maker also confirmed that its electric vehicle project is already in advanced stages.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

Along with this, the company had said that the product would be manufactured at the Chittoor plant in the south Indian state of Andhra Pradesh. Hero Motocorp has already given a glimpse of its electric scooter at the beginning of last year. In April last year, the company signed an agreement with Taiwanese company Gogoro to share battery swap technology and more features.

Hero Motocorp's sales fell drastically in February 2022, 3,58,254 units sold

Hero’s first battery-powered scooter will more or less be based on the same concept that was shared earlier. While the final production-spec model is unlikely to get a single-sided swingarm, it is expected to feature full-LED lighting, fast charging, long range and swappable battery pack.

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