With many states easing out of the lockdown and the demand for personal mobility growing, two-wheeler manufacturers have reported a steady rise in sales last month. Here’s how some of the OEMs performed:
Hero MotoCorp: 5,84,456 units (12%)
Hero MotorCorp showed growth for the fourth consecutive month, selling a cumulative 5,84,456 motorcycles and scooters in August 2020. This constitutes 12 percent year-on-year growth (August 2019: 5,24,003 units). In July 2020, the company had sold 5,14,509 units; which means the August sales are indicative of steady month-on-month growth.
The company says it is witnessing a strong retail off-take and experiencing a demand in the rural and semi-urban markets. It expects this to continue with increasing consumer confidence and continued government policy support. Hero MotoCorp’s plants are running at a nearly 100% capacity and almost…