Last updated: 08 Feb, 2021 | 02:35 pm
Continuing the path of recovery from the zero sales in April, Indian two-wheeler manufacturers have now shown a robust growth in the preceding two quarters. However, the two-wheeler industry is grappling with steep increases in input costs. Hero MotoCorp's sales volumes have seen a 5% drop in Jan-21. Going forward, the company expects input costs to remain under pressure due to the rising prices of commodities and fuel. The price increase on its range of products that will partially offset these cost pressures. The measures announced in Union Budget 2022 are also expected to provide a boost to demand in the upcoming quarters. Given its leadership position, Hero MotoCorp is well positioned to take advantage of rising demand, as the economy improves further.