Hero sales January 2022 – Numbers follow the generic falling trend. But scooters have slowly become a big worrying point for the company…
Sales figures of Hero MotoCorp are in and it appears that it is not a good beginning of the year for them.
Hero MotoCorp have achieved gross sales of 3,80,476 units in the month of January 2022. These numbers are down by very significant 21.69% compared to 4,85,889 units sold in January 2021.
Hero MotoCorp have explained that the fear and anticipation of the third wave of pandemic which led to subsequent staggered state-wise lockdowns and restricted movement have impacted their overall sales in the month.
Hero Sales January 2022
The motorcycle sales declined to 3,57,845 units in January 2022 when compared to 4,49,037 units registered in January of 2021. It is a dip of 20.21% year-over-year (YoY).
Month-over-month (MoM), the trend is the same. The motorcycle sales dropped by 5.05% from 3,76,862 units sold in December 2021.
Looking at the Year-to-date (YTD) numbers, it dropped by 11.08%, dipping to 38,63,590 units for FY22 from 43,45,126 units in FY21.
Scooter sales have shown a mixed trend.
YoY, the scooter sales have dipped a significant 38.59%. It dropped to 22,631 units in January 2022 from 36,852 units in January 2021.
While comparing with previous month, sales increased by a good 26.35%, increasing from 17,911 units sold in December 2021.
Considering the YTD sales, the scooter sales saw a massive drop of 25.23%. It fell from 3,63,988 units sold in FY21 to 2,72,152 units sold in FY22.
Domestic and Export Sales –
The domestic and exports sales showed contrasting results. While the domestic sales dropped a significant 23.33% YoY, exports jumped 20.44%.
MoM sales showed the same trend. The domestic sales contracted by 4.23% while exports expanded by 7.53%.
Continuing the contrasting trend are the YTD figures. Comparing FY21 with FY22, the domestic sales dropped by 14.76% while the exports jumped by a whopping 73.56%.
Aside this, Hero has started accepting bookings for their second batch of Xpulse 200 4V motorcycle which has received a hike of Rs 2000/- in its price.