Hero Motocorp begins New Year with 31% rise in January sales; Xtreme 200R to hit roads from April 2018
A total of 641,501 two-wheelers were sold in January 2018, up by 31% as against sales of 487,088 units, in the same month of previous year.
Largest two-wheeler manufacturer Hero Motocorp kicked off the new year with a whopping 31% growth by reporting yet another six-lakh plus sales in January 2018.
A total of 641,501 two-wheelers were sold in January 2018, up by 31% as against sales of 487,088 units, in the same month of previous year.
Ashok Bhasin, Head of Sales, Marketing & Customer Care, Hero MotoCorp, said “Our robust double digit growth in overall two‐wheeler sales has been driven by very strong growth in both Scooters and Motorcycles."
"Our cumulative volume for the Financial Year 2018 (Apr’17‐Jan’18) has already crossed the six million sales milestone. We are confident of maintaining our strong growth trajectory and setting a new industry benchmark in sales for the full year,” Bhasin added.
During the month, in line with its enhanced focus on the premium motorcycle segment, Hero unveiled all‐new ‘Xtreme 200R’.
Designed and developed by engineers at the company’s in‐house R&D facility ‐ the Hero Centre of Innovation and Technology (CIT) ‐ the Xtreme 200R will be available for sale across Hero MotoCorp dealerships in the country from April 2018.
However, despite recording good January sales, the share price of Hero Motocorp took hit from investors, as the company was trading at Rs 3621.90, down Rs 112.50 or 3.01% on the BSE, at around 1515 hours.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
04:44 PM IST