Hero MotoCorp (HMCL), world's largest two-wheeler manufacturer reported retail sales of over 11 lakh units in October and November, registering a 7% growth over the same period last year. The robust demand for strong brands such as Splendor and Passion as well as new models like Maestro and Ignitor enabled the company to achieve record retail sales in the festive season.
The company had reported a fall of 27.01% in its net profit at Rs 440.58 crore for second quarter ended September 30, 2012 as compared to Rs 603.62 crore for the same quarter in the previous year. Total income of the company has decreased by 10.62% at Rs 5286.80 crore for quarter under review as compared to Rs 5914.92 crore for the quarter ended September 30, 2011.
