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Hero MotoCorp to engineer faster recovery in sales than peers: Analysts

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₹620.71 crore, for the quarter ending March 31, as a result of a significant decline in retail sales in March, due to the adverse impact of the covid -19 pandemic and the subsequent lockdown.Net sales during the period decreased by 20.88% year on year to ₹6238.39 crore as a consequence of 25.71% decrease in vehicle sales during the period to 13.23 lakh units.“The pandemic is a one off issue and shall be behind us quite before our time horizon.

Also, considering this pandemic, there will be a radical shift to personal mobility from shared mobility. In view of this, we believe Hero, being the market leader, to be the prime beneficiary on the two-wheeler side of the auto sector.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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