Hero MotoCorp has sold 358,254 units in February 2022

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 358,254 units in February 2022.

With a sharp decline in the number of Covid-19 cases and the economy gradually opening up with several other positive indicators, such as easing of the lockdown restrictions, as well as the measures announced in the FY'23 Union Budget, a swift revival in sales is expected in the coming months.

In the month of February 2022, Hero MotoCorp became the first automotive OEM to tie up with a leading Public Sector Undertaking (PSU) to set up charging infrastructure across the length and breadth of the country. The company has collaborated with Bharat Petroleum Corporation Limited (BPCL), to establish charging infrastructure for two-wheeled electric vehicles (EVs) across the country in its endeavor to electrify India.

As part of its ongoing Corporate Social Responsibility (CSR) initiatives towards the COVID19 relief efforts, Hero MotoCorp announced a welfare package for nearly 200 Covid-19 affected families in the states of Andhra Pradesh and Gujarat. Under its CSR platform "Hero We Care", the company aims to support children who lost their parents or guardians and women who lost their spouses to Covid-19. In addition to providing them essential services such as food security and nutrition along with education for their children, this initiative aims at empowering the women to earn their own livelihood by providing suitable vocational training.

With this, Hero MotoCorp is now supporting nearly 500 Covid-affected families across Uttarakhand, Rajasthan, Haryana, Andhra Pradesh and Gujarat.

With an eye on making the best of emerging opportunities in the post-Covid world, Hero MotoCorp integrated Marketing, Sales, After-Sales and Parts Business functions. Ranjivjit Singh, who was previously in charge of Marketing, has been elevated to this newly created position of Chief Growth Officer.

In the arena of motorsports, Hero MotoSports Team Rally, added Ross Branch, a leading international rider, in the team to further strengthen its rider line up.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2536.20 as compared to the previous close of Rs. 2559.45. The total number of shares traded during the day was 29830 in over 3908 trades.

The stock hit an intraday high of Rs. 2547.00 and intraday low of 2488.80. The net turnover during the day was Rs. 75256875.00.

Source : Equity Bulls

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HeroMotoCorp INE158A01026 Motorcycles February2022 SalesVolume