Hero Motocorp has shut down its plants till May 10, to break the COVID chain
Even with the COVID second wave in place, Hero Motocorp has recorded commendable sales numbers in April 2021. The manufacturer has sold 372,285 units in total. Of these, 32956 were scooters and the rest (339329) were all motorcycles. This essentially marks a 35.47% decline in the MoM sales numbers. Hero Motocorp sales during March 2021, were around 5,76,957 units. Furthermore, around 342614 units were sold in the domestic market in April this year, while 29671 were exported.
However, a proper YoY comparison is not possible this time, as the manufacturer had stopped its production and sales during April 2020, owing to Corona-imposed national lockdown.
In an effort to handle the second wave of the pandemic, Hero Motocorp has shut down its plants and halted sales. The company has announced that it would keep these shut till May 10, 2021. The plant operations had originally been scheduled for a proactive halt from April 22-May1, which was later extended all the way till the 10th of May. The corporate employees are all currently working from their homes and a very small share of staff are currently being allowed in the offices and in rotation.