Latest News | Hero MotoCorp Reports 51 Pc Dip in Sales in May
Get latest articles and stories on Latest News at LatestLY. The country's top two-wheeler maker Hero MotoCorp on Tuesday said it has sold 1,83,044 units last month, down by 51 per cent from 3,72,285 units dispatched in April this year.
New Delhi, Jun 1 (PTI) The country's top two-wheeler maker Hero MotoCorp on Tuesday said it has sold 1,83,044 units last month, down by 51 per cent from 3,72,285 units dispatched in April this year.
Sales last month were adversely impacted due to the closure of plant operations in view of the escalation in the spread of the coronavirus in the country, the company said in a statement.
The two-wheeler major had proactively halted operations at all of its manufacturing facilities across the country on April 22.
Three of the plants - located in Gurugram, Haridwar and Dharuhera - resumed single-shift operations on May 17, followed by the other three located in Neemrana, Halol and Chittoor on May 24.
Considering this unprecedented situation, sales volume of May is not comparable with the corresponding month of the previous year and sequential months of this year, Hero Moto Corp noted.
The company continues to monitor the situation closely and will move to double-shift production gradually, it said.
"With the vaccination drive gaining pace and a sharp decline in the number of Covid-positive cases, markets across the country are expected to open up gradually and this would aid in the swift recovery of businesses in the coming weeks," it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)