Hero MotoCorp Ltd., the world’s largest manufacturer of motorcycles and scooters, sold 380,476 units in January 2022.
The enhanced spending plan on capital expenditure and increased allocation to the Rural Infrastructure Development Fund and a major push to infrastructure developments under Gati-Shakti is likely to aid a credible economic recovery and employment generation. The increased economic activity and growth in employment will fuel demand for automobiles including the two-wheelers.
Hero MotoCorp has also accelerated its global expansion plans by further strengthening its presence in the Central America. During the month, the company expanded its operations and commenced retail sales at a newly opened flagship store in San Salvador the capital city of El Salvador.
As part of its digital endeavors to provide an enhanced and contactless customer experience, Hero MotoCorp has announced the commencement of online bookings of its latest motorcycle XPulse 200 4-Valve. The Company has started bookings for the second batch after the first lot was completely sold out.
Meanwhile in the month of January, the Hero Global Centre for Innovation & Technology (CIT) became the first research and development facility to receive GreenCo Platinum rating under the R&D category, as well as the only unit to receive a green rating under the CII – Rajasthan State Pollution Control Board (RSPCB) scheme. The Indian Green Building Council (IGBC) has already awarded the centre a Platinum certification, with a score of 91 points, making it the highest-rated facility in India’s manufacturing sector.