Hero MotoCorp has reported a 2.32% increase in sales at 583,117 units of Two-wheeler in May 2016. The company had sold 569,876 units of Two-wheeler in May 2015. Market demand was expectedly subdued in May, due to heavy retail off-take that happened in April on account of marriage season and regional festivals in different parts of the country during that month.
In the month of May, Hero MotoCorp forayed into the world of motorcycle rally racing, through a strategic alliance with Speedbrain GmbH, the German off-road racing specialist. The newly formed ‘Hero MotoSports Team Rally’ made its debut at the Merzouga Rally, a Dakar series race that recently concluded in Morocco.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
