Shares of Hero MotoCorp on Monday closed at Rs3356 per share higher by 3.07 percent as compared to the previous close of Rs. 3256.05 on the National Stock Exchange (NSE). The stock hit an intraday high of Rs3360.80 and an intraday low of Rs 3217.25 during the whole session.
Results: Hero MotoCorp on Monday reported a 3.14 percent fall in total sales to 4,85,889 units in January. According to the company, it had sold a total of 5,01,622 units in the corresponding month last year, Hero MotoCorp said in a statement.
Domestic sales were at 4,67,776 units as against 4,88,069 units in January last year, down 4.15 percent, it added. Exports were, however, up at 18,113 units as compared to 13,553 units in the same month last year, the company said.
On January 21, 2021 Hero MotoCorp said it surpassed the significant milestone of 100 million (10 crores) units in cumulative production.
Last month, Hero MotoCorp said it entered into a distribution agreement with Grupo Salinas, founded by Mexican entrepreneur Ricardo Salinas to form a distribution network globally to sell competitive, high-quality products in the large Mexican market.
The company will launch nine products across various segments in the country.
Hero Motocorp Limited, formerly Hero Honda, is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. The company is the largest two-wheeler manufacturer in the world, and also in India, where it has a market share of about 46% in the two-wheeler category.
