Hero Motocorp beats analysts September sales estimates by massive margin; puts GenNext leaders in place
The world’s largest manufacturer of motorcycles and scooters registered record sales of 715,718 units in September 2020 exceeding the expectations of 675,000. These figures were the highest sales in a single month in the calendar year of 2020. This translates into a growth of 16.9% over the corresponding month of the previous year (September 2019), when the company had sold 612,204 units
To partially offset the rising input costs and commodity prices, the Company has made an upward revision in the ex-showroom prices of its motorcycles and scooters by up to 2%. Source: reuters