MoneyWorks4Me

Hero MotoCorp aims to sell six lakh units in retail sales in October

28 Oct 2015 Evaluate

Hero MotoCorp is targeting to sell around six lakh units in retail sales in October, buoyed by double-digit growth in sales in the ten-day long Navratra-Dussehra period. Looking to cash in on the robust demand for scooters, the company has also raised its annual scooter capacity to 13 lakh units from the previous 10 lakh units.

The company’s motorcycle brands, including Glamour, Passion Pro and Splendor drew huge volumes during the festive period. Even the new Splendor PRO has contributed handsomely during the period.

The company has also raised its scooter capacity to 13 lakh units in the second quarter of this fiscal, up from 10 lakh units in the first quarter.

Hero MotoCorp is the world’s single largest two-wheeler motorcycle company. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
View more..