Hero MotoCorp, the world's largest two-wheeler manufacture for 16 consecutive years, sold 623,269 units of two-wheelers in July 2017, registering a healthy growth of 17.1% over the corresponding month of the previous fiscal (July 2016) when the Company sold 532,113 units.
Carrying forward the momentum of its highest-ever quarterly sales in the first three months (April-June) of FY' 18, Hero MotoCorp commenced the second quarter of the fiscal with a robust six-lakh plus sales for the month of July, despite sluggish sales for the first few days of the month due to the transition to GST.
This is the third consecutive month of six-lakh plus sales for the market leader in this fiscal, having clocked 624,185 units in June and 633,884 units in May.
Hero MotoCorp is confident of carrying forward this growth momentum into the upcoming festive season.
Shares of the company gained Rs 101.95, or 2.74%, to trade at Rs 3,823.50. The total volume of shares traded was 15,557 at the BSE (10.01 a.m., Wednesday).