Hero MotoCorp has reported sales of 617,215 units of two-wheelers in the month of February 2019. In the first two months of the current quarter, there has been a sequential pickup in the demand, although still lower than expected. In order to provide impetus to the market, Hero MotoCorp is set to launch a slew of new products - including scooters and premium motorcycles - in the coming months.
The demand growth can further be stimulated if the GST rate on two-wheelers is reduced to 18% from the present 28%.
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.
