Auto Industry Slowdown: Hero MotoCorp Sales Decline 21 Per Cent

The slowdown in the domestic auto industry has now moved to the second quarter of the current financial year with the world's largest two-wheeler manufacturer, Hero MotoCorp reporting sales of 5,35,810 units in July 2019, slipping 21 per cent from the same month a year ago, when the Indian two-wheeler manufacturer had reported overall sales volumes of 6,79,862 two-wheelers. The two-wheeler giant's overall sales have been declining since the beginning of the current financial year, but during the last couple of months, Hero has been able to despatch more than 6 lakh two-wheelers during the last two months.

Also Read: Hero MotoCorp June 2019 Sales Drop 12 Per Cent

254npof8

Hero will bank on its latest products, including the XPulse to shore up sales volumes in the next few months

Hero has launched several new products in the last couple of months, with three new motorcycle launches in the 200 cc platform in May 2019 - the Hero XPulse 200, Hero XPulse 200T and Hero Xtreme 200S. Hero also launched two new scooters, the Hero Pleasure+ 110 and the Hero Maestro Edge 125. Hero MotoCorp also rolled out India's first two-wheeler meeting the upcoming Bharat Stage VI emission regulations, with the new Hero Splendor iSmart. While the slowdown in the auto industry intensifies, the next few months will be crucial for Hero MotoCorp, as well as other auto manufacturers, as the festive season kicks in, which has traditionally seen high sales volumes.

Also Read: Hero Beats Street Estimates With Rs. 1,247 Crore Q1 Profit

g5anhu3g

The upcoming festive season and BS6 off-take will depend on sales volumes in the industry

While the overall sentiment in the auto industry has been dull during the past few months, the outlook for the rest of the year will depend on multiple factors, including the progress of the monsoon, festive season offtake, as well as improvement in the liquidity situation. A change over to new technology with the Bharat Stage VI (BS6) emission regulations kicking in from April 1, 2020 will also mean slightly higher prices of two-wheelers. While prices are expected to go up, most manufacturers are hoping there will be some pre-buying during the last quarter of the current financial year (January -March, 2020) to offset the BS6 pricing.



from NDTV CarAndBike - Latest News

Comments

Post a Comment

Popular posts from this blog

Harley-Davidson Streetfighter Spotted In Flesh For The First Time

Image
Harley-Davidson unveiled a range of new motorcycles last year that included an adventure tourer, streetfighter and Custom range. This, along with the LiveWire electric motorcycle defines the new-age 21st century offerings from the manufacturer as it taps into newer markets and caters to an evolving customer base. Now, giving a glimpse of the new models out in the open, the new Harley-Davidson Streetfighter was spotted in the prototype version at what seems to be a trade show in the US, giving a good glimpse at motorcycle looks like in flesh. While board says 'Styling Prototype', the production-spec version of the Streetfighter is likely to stay identical to the model showcased here. In addition to the Streetfighter, the Pan America was also showcased at the same event. The production spec versions of both bikes could be unveiled at EICMA this year. Also Read: Harley-Davidson Livewire To Be Unveiled In India In August The Harley-Davidson Streetfighter is a completely new mot
Read more

Zongshen Cyclone RX6 Based On Norton 650 Nearing Completion

Image
While there still doesn't seem to be a buyer for iconic British brand Norton Motorcycles which went into administration in January this year, the firm's 650 cc parallel-twin seems to be finding life in China. While Norton apparently sold off the engine rights of its 961 engine to China's Jinglang just before the brand went into administration, the deal for the 650 cc engine was finalized way back in 2017 with Chinese giant Zongshen. The 650 cc parallel-twin engine was due to be used in Norton's Atlas and Superlight models, but now it looks like that engine platform will make its debut in a Zongshen motorcycle, called the Cyclone R6. Also Read: How Much Is Norton Motorcycles Worth Now? One of the patent designs shows the Cyclone RX6 with full touring accessories and luggage Two prototypes fitted with the 650 cc parallel-twin engine were shown in China late last year, on the Zongshen Cyclone RX6 adventure bike and the RX6 sport tourer. Both bikes used Zongshen-made
Read more

Brixton 1200 To Rival Triumph Bonneville T120

Image
A 1200 cc modern classic with similar design lines as Triumph's iconic Bonneville series, has reportedly been cleared for production. The bike was showcased as a concept at last year's EICMA motorcycle show, and from the looks of it, this is a model developed in China with the Triumph Bonneville T120 in its sights. The Brixton brand though is part of Austria's KSR Group, which imports bikes from several Chinese manufacturers, including CF Moto. And while the new Bonneville rival will be manufactured in China, the design and engineering has been created at KSR's design centre in Krups, Austria. Also Read: Triumph Bonnville T120 First Ride Review The Brixton 1200 cc motorcycle has not been named yet, or a launch timeline announced So far, the company has not committed to a launch date yet, but says that it will eventually make it to production. And from the looks of it, that may well be sometime later this year, maybe even at the EICMA 2020 show in Milan, Italy, in
Read more