Latest News | Hero MotoCorp Sales Dip 13 Pc in July

New Delhi, Aug 1 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Sunday reported a 13 per cent dip in total sales at 4,54,398 units in July.

The company had sold 5,20,104 units in the same month of the previous year, Hero MotoCorp said in a statement.

In the domestic market, the company's wholesales dropped to 4,29,208 units last month from 5,12,541 units in July 2020.

Exports, however, increased to 25,190 units last month as against 7,563 units in the year-ago period.

Most of the retail touch-points of the company are operational across the country, although localised lockdowns imposed by certain states in the wake of sporadic coronavirus cases continue to restrict the customer movement, the two wheeler major noted.

India's rural economy and semi-urban market is expected to bounce back on the hopes of good monsoon and customers' preference for personal mobility, it added.

The company continues to monitor the on-ground situation and remains optimistic about continuously improving consumer sentiment in the coming months with the onset of the festive season, it said.

(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)