11 lakh sales for Hero in Oct-Nov

Last Updated: Thursday, November 29, 2012 - 18:50

Bangalore: Hero MotoCorp Ltd (HMCL), the world?s largest two-wheeler manufacturer, Thursday said it has sold 11 lakh two-wheelers in October and November, a record retail sales in the festive season this year.

"Our retail sales in the festive months of October and November crossed 11 lakh units earlier this week. This represents a seven percent growth over the same period last year. By the time the month of November is over, we would have retailed even higher volumes, further adding to this tally," HMCL Senior Vice President (Marketing and Sales) Anil Dua said.

December being the last month of the year when retail off-take remains sluggish, the company is restricting its despatch sales in November, Dua said.

"Having said that, we would still be despatching almost five lakh two-wheelers this month. Going forward, therefore, we remain cautiously optimistic for the rest of the fiscal," he added.

Dua said this kind of retail sales has come about riding on robust demand for strong brands such as Splendor and Passion as well as new models like Maestro and Ignitor.

"This also marks a key milestone for brand Hero as this record comes just two months after the complete migration of Hero MotoCorp?s two-wheeler range from the erstwhile joint brand to Hero," he said.


First Published: Thursday, November 29, 2012 - 18:50

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