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( 02 Aug 2018)
Hero MotoCorp posts another month of strong sales growth

Hero MotoCorp , the world’s largest single two - wheeler manufacturer, has said that it has raced into Q2 with yet another month of strong sales growth.

With continued strong demand for its range of popular motorcycles and scooters, Hero MotoCorp sold 679,862 units of two - wheeler in the month of July 2018 , registering a growth of 9 % over the corresponding month of the previous fiscal when it sold 6 23,269 units.

Commenting on the issue, Pawan Munjal, Chairman, MD, and CEO, Hero MotoCorp, said, "We are confident of carrying the growth trajectory forward and expect to grow at double - digit in the upcoming festive season. The normal monsoon in most parts of the country, and the consequent agricultural harvest will keep the sentiments buoyant and help maintain the momentum . Economic growth, rural investments and initiatives such as MSP, MNREGA etc. augur well for the future growth of the industry.”

Meanwhile, shares of the company were trading at Rs 3233.50 apiece down 1.18 per cent from the previous close at 09:30 hrs on BSE.