Hero MotorCorp Sales Highest In October 2015, Crosses 6 Lakh Units
Hero MotoCorp Ltd, the world’s largest two-wheeler
manufacturer, reported sales of 639,802
units in October – its highest ever sales in any month. This is a growth of 11.25% over the same month last year when the company had sold 575,056 units.
Hero MotoCorp’s previous highest sales in any month was
in October 2013 when it sold 625,420 units.
With over 108,000
units of scooters sold in October, Hero MotoCorp crossed the landmark 1-lakh
unit sales in scooters in a month. In the domestic market, Hero MotoCorp
scooter sales grew by 74.6% in
October this year over the corresponding month in 2014.
With this, the market share of Hero MotoCorp in the
domestic scooter market has risen from 13% in September to almost 20% at the end of October.
The highlight of October has clearly been the
overwhelming success of the company’s newly-extended scooters range – Maestro,
Pleasure, and the two newly-launched scooters - Maestro Edge & Duet. The
success of the scooters, coupled with its over 52% share in motorcycles, Hero
MotoCorp has further strengthened its overall leadership in the two-wheeler
market.
HMCL has been the only Indian two-wheeler manufacturer to
ever exceed the landmark of 6-lakh plus monthly sales, that too on multiple
occasions. The company has crossed this milestone on four previous occasions –
September 2015 (606,744), September 2014 (604,052), May 2014 (602,481) and
October 2013 (625,420).
The Company's growth
in the two wheeler market in India is the result of an intrinsic ability to
increase reach in new geographies and growth markets. Hero MotoCorp's extensive
sales and service network now spans over to 6000 customer touch points. These
comprise a mix of authorized dealerships, service & spare parts outlets,
and dealer-appointed outlets across the country.
Hero MotoCorp two
wheelers are manufactured across 4 globally benchmarked manufacturing
facilities. Two of these are based at Gurgaon and Dharuhera which are located
in the state of Haryana in northern India. The third manufacturing plant is
based at Haridwar, in the hill state of Uttrakhand; the latest addition is the
state-of-the-art Hero Garden Factory in Neemrana, Rajasthan.
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