Last updated: 20 Nov, 2020 | 11:55 am
The timely arrival of the south-west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop led to positive sentiments in the rural areas over the past few months, aiding recovery for Hero Motocorp. Nearly half of Hero’s domestic sales comes from rural India. The robust sales have helped Hero MotoCorp to expand its market share by more than 500 bps in the month of October. Going forward, Hero Motocorp is bullish given the positive forecast by the International Monetary Fund (IMF) projecting close to double-digit growth for the Indian economy in FY’22 The slew of recent measures announced by the Government should also help accelerate recovery and aid core sectors to rebound fast.