Hero Motocorp Sells 14.38 Lakh Units In Q2


Hero Motocorp releases its financial performance reports for the second quarter (July-September 2021) of the FY’ 2022 in which it sold 14.38 lakh units.

Hero Motocorp is the world’s largest manufacturer of motorcycles and scooters. The company has been providing customers with an excellent range of two wheelers that ensure both style and comfort. Today, Hero Motocorp has made it its mission to become the best two wheeler company, not only in India but globally by setting benchmarks in style, performance and technology.

The company’s Revenue from Operations for the quarter stood at Rs.8,453 Crore during the quarter. EBIDTA margin for the second quarter was at 12.6% (from 9.4%) and Net profit for the quarter was Rs.794 Crore. Consolidated Revenue for Q2 FY 22 stood at Rs. 8,539 Crore and Net Profit at Rs.748 Crore.

Hero MotoCorp is committed to bringing sustainable mobility solutions to its customers and is accelerating its focus on producing electric vehicles (EVs) as an integral part of its product portfolio.

The company’s Electric Vehicle (EV) project is in the advanced stages and the product will
be manufactured at its plant in Chittoor, in the southern Indian state of Andhra Pradesh. The plant – aptly called Garden Factory for its eco-friendly and sustainable manufacturing
practices – will provide an integrated ecosystem for Battery Pack Manufacturing and Testing, Vehicle Assembly, and Vehicle End of Line Testing (EOL).

Mr. Niranjan Gupta, Chief Financial Officer (CFO), Hero Motocorp, said “Hero Motocorp
expects a build‐up in demand over the coming quarters as the economy continues to show recovery and improvement. Positive economic signs, encouraging farm activities, and increased need for personal mobility is likely to restart the momentum in the two‐wheeler industry and we expect positive sentiments both in the rural and semi‐urban markets.

Commodity prices, which have been impacting the industry margins so far, are showing some signs of softening as we move from here. Through accelerated Leap‐II savings program, overheads management, and judicious price increases, we have been able to improve our margins sequentially and expect further recovery moving forward.

In keeping with its strategic vision ‐ Be The Future of Mobility’, Hero Motocorp is steadily
progressing on the path to carbon neutrality and sustainability and is investing in this
transformation. The company is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes forging strategic
collaborations and partnerships”, he added.

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