Hero moto – TWO WHEELER SALES RECOVER IN JULY
STRONG improvement Month on month
July sales up 14% MoM at 5.14 lakh vs 4.5 lakh
Sales higher than nomuras expectations of 5.1 lakh
positive management commentary
Strong retail sales due to market demand
Significantly ramped up production at 8 facilities
More than 95% of customer touch points are operational
Sales continue to be impacted by micro lockdown
Total sales down 4% YOY at 5.14 lakh units vs 5.35 lakh units
Total sales up 14% MoM at 5.14 lakh vs 4.5 lakh units
Trend
Jan 2020: 5.01 lakh
Feb 2020: 4.98 lakh
Mar 2020: 3.34 lakh
Apr 2020: zero sales due to lockdown
May 2020: 1.12 lakh
June 2020: 4.5 lakh
July : 5.14 lakh