Hero MotorCorp records for the third time above 6 lakh sales in FY17
In addition to strenghtening its leadership in the 100-110 cc motorcycle category with the recent launch of Splendor iSmart 110, Hero has also further consolidated its leadership in the 125 cc space with the largest selling motorcycle in the segment of 'Glamour'.
Two-wheeler manufacturer Hero Motocorp once again maintains its leadership by registering yet another above six lakh monthly sales in 2016.
The company sold 6,16,424 units of two-wheelers, a rise of 28% from 480,537 units in the corresponding period of the previous year.
Hero Motorcorp has sustained its momentum, as this would be the third time since the start of financial year 2017, that it has surpassed six lakh sales mark.
In addition to strenghtening its leadership in the 100-110 cc motorcycle category with the recent launch of Splendor iSmart 110, Hero has also further consolidated its leadership in the 125 cc space with the largest selling motorcycle in the segment of 'Glamour'.
It also reported robust growth in the scooter segment.
To further earmark its position, the company is planning to launch 15 products across domestic and global market in FY17. From this three motorcycles will be introduced in the market before festive season.
These includes the new Aciever 150cc motorcylce and the Super Splendor and Passion PRO with the Herp patented i3S technology.
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
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:04 AM IST