Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
16 February, 2019 22:45 IST
Hero MotoCorp sales increases 13% in June 2018
Source: IRIS | 02 Jul, 2018, 06.04PM
Comments  |  Post Comment

Hero MotoCorp, the world’s largest two-wheeler manufacturer, has further strengthened its market leadership with record sales in the month of June 704,562 unit of motorcycles and scooters. This translates into a growth of 13% over the corresponding month of the previous fiscal (June 2017) when the company had sold 624,185 units.

Riding on robust sales of its popular range of two-wheelers, the company has created another global benchmark, clocking over 2.1 million unit sales in the first quarter (April- June) of this financial year (FY'19).

Maintaining its strong growth trajectory, Hero MotoCorp sold 2,104,949 units in the first quarter of FY’19. The company's previous highest sales in a quarter was achieved in Q2 (July-Sept) of FY'18, when it became the only single two-wheeler company in the world to surpass the 2 million mark in a quarter by selling 2,022,805 units.

Hero MotoCorp has surpassed 7-lakh unit sales in a month on three previous occasions-706,365 (April 2018), 730,473 (March 2018) and 720,739 (September 2017).

With monsoon already hitting many parts of the country, the positive consumption pattern is expected to continue in the coming months. Hero MotoCorp is geared-up with an array of products - including its premium motorcycle and the new scooter range-to add to the positive sentiments and further delight the customers.

Hero MotoCorp has made an upward revision in the prices of its motorcycles and scooters, with immediate effect. The upward revision in the prices has been done to partially off-set the consistently rising input costs, including the prices of commodities, and currency depreciation.

The exact quantum of the increase varies-on the basis of the particular model and the specific market-upto Rs 500 at ex-showroom level.

Shares of the company declined Rs 58.45, or 1.68%, to settle at Rs 3,413.60. The total volume of shares traded was 22,478 at the BSE (Monday).

Hero Motocorp Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
Lupin launches Clobazam oral suspension - 15-Feb-2019 16:37
Muthoot Finance to raise upto Rs 7.50 bn through NCDs - 14-Feb-2019 11:01
Zydus gets USFDA nod for Triamterene & Hydrochlorothiazide capsules - 13-Feb-2019 13:10
L&T Construction bags contract for construction of hospitals - 13-Feb-2019 11:56
Strides receives USFDA approval for Triamcinolone Acetonide cream - 13-Feb-2019 11:52
Lupin receives FDA approval for Fluoxetine Tablets - 12-Feb-2019 16:32
Lupin launches Tadalafil Tablets - 12-Feb-2019 16:29
C & C Constructions JV wins order worth Rs 1.24 bn from DFCCIL - 12-Feb-2019 13:44
Tata Motors group global wholesales up 12% in January 2019 - 12-Feb-2019 13:39
Alembic Pharma announces completion of USFDA inspection at Aleor Dermaceuticals - 12-Feb-2019 10:37
L&T Hydrocarbon Engineering bags order from Sonatrach-Algeria - 12-Feb-2019 10:32
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer