Business Standard

Hero MotoCorp rallies 5% on good retail sales in festive season

On the outlook, the company said the news on the rapid development of Covid-19 vaccines is likely to enable a faster rebound of the global economy in the coming months.

Hero MotoCorp
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Hero MotoCorp

SI Reporter Mumbai
Shares of Hero MotoCorp rallied 5 per cent to Rs 3,136 on the BSE in the early morning trade on Thursday after the two-wheeler giant said it sold more than 14 lakh units of motorcycles and scooters in retail sales during the festive season. The stock hit a 52-week high of Rs 3,394 on October 16, 2020.

“The riding on robust customer demand for its range of products, Hero MotoCorp - the world’s largest two-wheeler manufacturer - sold more than 14 lakh units of motorcycles and scooters, in retail sales during the just-concluded festive season, thereby continuing to gain market share

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