Companies

Hero MotoCorp sales up 1.32%

PTI New Delhi | Updated on January 17, 2018 Published on July 01, 2016

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.

Published on July 01, 2016
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