Hero Motocorp Drives Industry Growth with 2nd Successive Month Of More Than 7-Lakh Sales

Deepthi | Myequity news | Date : 01-11-2018 20:40:00 IST

Hero MotoCorp, the world’s largest two-wheeler manufacturer, today reported yet another month of landmark 7-lakh sales.

Hero MotoCorp dispatched 734,668 units of motorcycles and scooters in October 2018 – a growth of 16.4% over the corresponding month of the previous fiscal (October 2017) when the Company had sold 631,105 units.

Fortifying its market leadership with a strong sales growth trajectory, this is the fourth occasion in this fiscal (FY’19), and sixth overall, when the Company has registered sales of more than seven lakh units of two-wheelers in a month.

Coming immediately after the Company’s highest-ever monthly sales (769,138 in September 2018), the growth provides a positive outlook on the industry, which has witnessed a sub-par festive season sales thus far this year.

Hero MotoCorp also marked its entry into the 125cc scooter segment during the month, with the launch of its new 125cc scooter – Destini 125 – in the Delhi-NCR region. Attractively priced at Rs. 54,650/- (Ex-Showroom Delhi-NCR) for the Lx variant and Rs. 57,500/- (Ex-Showroom Delhi-NCR) for the Vx variant, the scooter will be available in the rest of country over the next 3-4 weeks.

About Hero Motocorp Ltd.:

Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India. The company is the largest two-wheeler manufacturer in the world, and also in India, where it has a market share of about 46% in the two-wheeler category.

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