Hero MotoCorp has initiated a Covid-19 vaccination drive across the organization, including its permanent and contractual employees. Hero MotoCorp will bear the cost of the vaccination drive for its workforce.

The Company will also facilitate similar vaccination initiative across its group companies such as Hero FinCorp, Hero Future Energies, Rockman Industries, Hero Electronix and AG Industries.

More than 80,000 employees, including the entire workforce of Hero MotoCorp, Group Companies and Supply Chain Partners will be covered under this initiative. Additionally, a similar drive will be commenced for Hero MotoCorp's Pan-India dealer network.

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Significantly, the company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in the month of March 2021, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.

In March last year, sales were adversely impacted due to the impending transition to BSVI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic.

Sequentially, total sales rose 14.14% in March 2021 from 505,467 units sold in February 2021.

Domestic sales were at 544,340 units in March 2021 as against 316,685 units in March last year. Exports rose to 32,617 units in March 2021 as compared to 17962 units in March 2020.

Naveen Chauhan, Head - Sales and After-Sales, Hero MotoCorp said, The financial year 2020-21 for us has been a period of sharp revival and setting new milestones, despite the backdrop of a significant downturn in the automotive market. During the fiscal, we surpassed the monumental milestone of 100 million units in cumulative sales since our inception. We are currently offering the broadest-ever range of scooters and motorcycles, each with its own distinctive personality that resonates with our customers. In keeping with our vision to 'Be the Future of Mobility', Hero MotoCorp will be launching a host of new motorcycles and scooters over the next five years.

Shares of Hero MotoCorp were down 1.7% at Rs 2907.75 on BSE. Meanwhile, the S&P BSE Sensex plunged 1,231 points or 2.46% to 48,798.78.

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in a year. The company's consolidated net profit jumped 13.7% to Rs 1,029.17 crore on a 38.9% rise in net sales at Rs 9,827.05 crore in Q3 FY21 over Q3 FY20.

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Hero MotoCorp sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72% over the corresponding month in the previous year. The company had sold 334,647 units in March 2020.

Significantly, the Company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in the month of March, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.

In FY'21, the auto industry witnessed significant disruptions triggered by the Coronavirus pandemic, restricting customer movement. Despite these challenges, Hero MotoCorp sold 57,91,539 units of two-wheelers in the fiscal year (April 2020-March 2021).

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Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from 01 April 2021.

The price hike has been necessitated to partially offset the impact of increased commodity costs. The company has accelerated its cost savings program to ensure minimal impact on the customer.

The price increase across the range of two-wheelers will be up to Rs. 2500, and the exact quantum of the increase will vary on the basis of the model and the specific market.

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