Hero MotoCorp, country’s largest two-wheeler maker, is not happy with the way exports are panning out and remains quite disappointed with exports slowdown in May trade deficit data. On Rupee depreciation, the company feels it is a big concern for CII International Trade Council, but the impact on the same on its balance sheet is not very major.
The company has reported a flat growth in May total sales at 557,890 units, as against 556,644 units sold in same month previous year. The company retailed over 1.1 million two-wheelers for the combined months of April and May, it’s highest-ever retail sales for any non-festival period.
