The country’s largest two-wheeler maker Hero MotoCorp today reported 1.32 per cent increase in sales at 5,49,533 units in June.
The company had sold 5,42,362 units in June 2015, Hero MotoCorp said in a statement.
Supported by growth across multiple segments, the company sold 17,45,389 units in the first quarter of the current fiscal against 16,45,543 units in the year-ago period in spite of subdued rural demand and fewer marriage dates, it added.
The two wheeler major said: “The company will soon introduce Splendor iSmart 110 motorcycle in the market — the first motorcycle to have been completely developed by the in-house R&D team at Hero MotoCorp.”
With the implementation of the 7th Pay Commission and the forecast of an above-average monsoon, the company is cautiously optimistic about a pick-up in sales momentum, it the statement said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.