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Hero Creates History With Over 8 Lakh Sales; TVS Records 22% Growth

Hero MotoCorp has recorded its highest ever sales in a single month, delivering 8,06,848 units of motorcycles and scooters in October 2020. The company registered an impressive 35% sales growth as compared to the same month last year. In the same month last year, Hero had sold 5,99,248 units.

Hero MotoCorp sold 7,32,498 motorcycles and 74,350 scooters in October. The company also exported 15,711 two wheelers.

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Homegrown two-wheeler maker, TVS Motor Company also registered an impressive double digit growth in October 2020 sales. The company sales grew by 22% delivering 394,724 units in October 2020 as against 323,368 units in the month of October 2019.

TVS two-wheelers sales grew by 24%; it delivered 382,121 units in October 2020 as against 308,161 units in October 2019. Domestic two-wheeler sales recorded a growth of 19%. TVS sold 301,380 units in October 2020 as against 252,684 in the same month last year. In fact, TVS Motorcycle range registered 38% growth with 1,73,263 units sold as against 125,660 units in October 2019. Scooter sales of the Company grew by 5% registering 127,138 units in October 2020 as against 121,437 units in October 2019.

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The Company’s total exports grew by 33% registering 92,520 units in the month of October 2020 as against 69,339 units in October 2019.  Two-wheeler exports registered a growth of 46% with 80,741 units in October 2020 as against 55,477 units in October 2019.

Commenting on the growth, Hero MotoCorp said that the positive sentiment and resumption of supply chain, logistics and business operations post COVID-19 restrictions have helped the company to achieve the record sales.

Hero Creates History With Over 8 Lakh Sales; TVS Records 22% Growth
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