Hero MotoCorp recorded highest ever sales this financial year
Hero MotoCorp recorded highest Sales
Hero MotoCorp recorded highest ever sales during the current financial year April and June 2017. An incredible figure of sales suggests that the company has silently gained the reputation.
A total of 18,53,647 two wheelers were sold compared to the previous year sales, that registered 17,45,389 units. This has marked a sales growth of almost 6.2 per cent of the company.
The Scooters sales have recorded a 22 per cent and the motorcycle segment recorded an increase in the sale of 13 percent in the current financial between April to June.
Pawan Munjal, Chairman, Managing Director and Chief Executive Officer of the Hero MotoCorp said the following:
“The new financial year (FY ’18) promises to be an exciting one for the industry. In the first three months of this fiscal, we further consolidated our domestic motorcycle market share by clocking all time high sales in the quarter. The growth in the domestic market was aided by an improvement in overall market sentiment and robust demand for our range of two wheelers. Hero’s Global Business team has been engaged in brand building and customer engagement initiatives, which has resulted in multiple Latin American and Asian markets also reporting encouraging growth during the quarter,”
Furthermore, he said:
“With several new products planned for launch over the next few quarters from our world class Centre of Innovation and Technology (CIT), the two-wheelers market leader Hero MotoCorp has been playing its role in driving the growth engine of the manufacturing sector with new investments and innovation. We remain committed to consolidating our domestic leadership and expanding our global footprint into new markets,”
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Also, Hero MotoCorp registered an INR 8,612.9 crore of gross turnover, which is regarded as a 7.5 per cent increase compared to the precious year and INR 914 Crore net profit after the tax.