Hero Motocorp registered a YoY growth of 1% in Domestic dispatches and the exports shot up by 19% in Feb’21 v/s Feb’20. While Splendor was the highest-selling model in the domestic market; it also emerged as the largest-exported model in Hero’s portfolio.
Key Observations: Domestic Market
-
Pleasure has seen strong growth and was the best selling scooter in Hero’s range!
-
Xpluse 200 has had a very healthy wholesale and faring good.
-
Xtreme has continued to see growth in both domestic & export markets.
-
Splendor continues to be the bread and butter model with 2,13,146 numbers and contributes to over 44% in domestic market.
-
HF Deluxe continues to cross the 1 lakh mark but sales fell -28% YoY in Domestic scenario.
Key Observations: Exports Market
-
Splendor is the highest-selling model here also. However, it has seen sharp degrowth.
-
Xtreme and Xpulse continue to play a crucial role here as well.
