*Eicher Motors April 2021 Sales – Marginally below expectations*
(Nirmal Bang Retail Research)
Motorcycles (Royal Enfield) came at 53298 units vs expectation of 56333 units, YoY 91 units (58469%) and MoM 66058 units (-19%)
Sales were down 15% compared to April 2019 volumes of 62879


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*Hero Motocorp April 2021 Sales – Below Expectations*
(Nirmal Bang Retail Research)
2 Wheelers came at 372285 units vs expectation of 456667 units, YoY 0 units and MoM 576957 units (-35%)
Sales were down 35% compared to April 2019 volumes of 574366
Hero MotoCorp had proactively halted the plant operations temporarily in a staggered manner for four days from April 22-May 1, in view of the rapid escalation in the spread of Covid-19. Co has now decided to extend the shutdown till 9th May.


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