REGISTERS DOUBLE-DIGIT GROWTH IN APR-DEC 2017 PERIOD
Riding on robust demand for its popular range of two-wheelers, Hero MotoCorp Ltd., the
world’s largest two-wheeler manufacturer, capped-off the calendar year (JanuaryDecember
2017) with yet another global benchmark.
Hero MotoCorp surpassed the landmark seven million units in cumulative sales in a
calendar year. The Company sold a record 7,207,363 units of two-wheelers in the period
January – December 2017.
The cumulative sales of Hero MotoCorp in the Financial Year 2017 (April-December 2017),
have now risen to 5,585,558 units, translating into a double digit growth of 11% over
the corresponding period (Apr-Dec 2016), when it had sold 5,042,435 two-wheelers.
Hero MotoCorp sold 472,731 units in December 2017, as against 330,202 units in the
corresponding month (Dec 2016), registering a strong growth of 43%.
Commenting on the occasion, Mr. Pawan Munjal, Chairman, Managing Director & Chief
Executive Officer, Hero MotoCorp said, “2017 has been a landmark year in our strategic
endeavor to further consolidate our market leadership. Despite the challenging industry
environment, we successfully created a series of benchmarks, not only for the Indian market
but also for the global automotive industry. Starting with our first global product launch in
Argentina in January, we have continued to delight the customers with our technologicallyadvanced
and youthful range of new two-wheelers. This has clearly been reflected in the
strong demand pattern for our motorcycles and scooters. We are now entering the last
quarter of this fiscal with a strong focus on the premium segment and scooters and we are
confident of sustaining our growth momentum.
Source: Here Motors
No comments:
Post a Comment