Hero MotoCorp shares decline over 4% after 29% drop in Feb sales

Shares of Hero MotoCorp on Wednesday tumbled over 4 per cent after the company reported a 29 per cent decline in total sales in February.

The stock declined 4.29 per cent to settle at Rs 2,427.50 on the BSE. During the day, it tanked 4.51 per cent to Rs 2,421.80.

At the NSE, it tumbled 4.08 per cent to settle at Rs 2,432.

Two-wheeler market leader Hero MotoCorp had on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February.

The company had dispatched 5,05,467 units in the same month of 2021, Hero MotoCorp said in a statement.

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021.

Motorcycle sales last month stood at 3,38,454 units compared to 4,63,723 units in same month last year.

Scooter sales also slipped to 19,800 units against 41,744 units in the year-ago month.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor