The automobile industry has just begun to recover from the consequence of the COVID-19 pandemic. The two-wheeler market, being the most affordable form of motorised transport, has begun to show the most prominent signs of recovery. Manufacturers have just released their sales numbers for June 2020 and here’s what they look like:
Hero MotoCorp: 4,50,744 units (-26.8 percent)
The country’s largest two-wheeler OEM reported dispatches to dealerships of 4,50,744 units. While this is a record growth of about over 400 percent compared to the previous month (May 2020: 1,12,682 units), the numbers are down 26.8 percent YoY (June 2019: 6,16,526).
Sales in the first quarter of FY2021 were subdued due to the impact of COVID-19 and the effects of the closure of the plant operations and the retail outlets through April and most of May. Hero MotoCorp sold a total of 5,63,426…