Italika increased its motorcycle sales 14% indirectly benefited by the effects of the Covid-19 pandemic.

In the nine-month period ending September 30, 2020, Italika’s motorcycle sales increased year-on-year, due to people’s fear of using public transport, their lack of means to buy a car, and the use of of motorcycles for the delivery of goods and services.

In the motorcycle business, since the Chinese New Year coincided with the lockdown in China, Italika experienced delays in supplying some components for certain motorcycle models for only five weeks.

Since then, the supply and assembly of motorcycles has returned to normal levels.

Italika

The increase in Grupo Elektra‘s commercial income for the nine-month period ended September 30, 2020 of 35,677 million pesos from 31,019 million pesos for the same period in 2019 was mainly due to the increase in sales of Italika motorcycles and the increase in sales of telephony, computers and household appliances, sold in Grupo Elektra stores, under the most competitive market conditions under the omni-channel strategy.

The increase in Grupo Elektra’s commercial income was also driven by: the launch of stores with greater exhibition space that includes a wide selection of merchandise and services, and the increase in sales through the online store www. elektra.com.mx.

Likewise, the increase in revenues in Grupo Elektra’s commercial business includes a 16.0% increase in revenues from NEM’s money transfer business, mainly due to the increase in the amount and volume of transfers.