The largest two-wheeler maker of the Country Hero MotoCorp reported an 11.24 per cent increase in its sales figure at 6,74,961 units in September of 2016. The company reported sold 6,06,744 units in September 2015, Hero MotoCorp announced in a statement. The company recorded its highest-ever sales in September by leaving behind all its previous best in October 2015 when the company had sold 6,39,802 units, said the Company in a statement. This is the second consecutive month that Hero has sold more than six-lakh units, having clocked a sales figure of 6,16,424 unit in August 2016, it added.
The growth momentum of the Company is backed by a series of positive factors, which includes the successful market launch of the 'Splendor iSmart 110' - the first motorcycle completely designed as well as developed in-house by Hero's own R&D team, it further added. The company further announced that the augmented leadership in the 125cc segment with 'Glamour' emerging as the largest-selling 125cc motorcycle in the nation and the positive trend maintained by the new scooter portfolio also contributed to the sales performance.
Hero is a dominant market leader in the segments of 100cc and 125cc segments - with more than 65 per cent as well as 55 per cent market share in these respective segments. With the aim of further expanding its presence in the premium segment, the Company had launched the new Achiever 150 motorcycle last week. The Achiever 150 now comes with the new BS-IV compliant engine, which also features the Hero’s patented i3S technology.
As seen in yesterday’s (3rd October 2016) Hero share price rose by almost 4 per cent on the back of this new sales record. The share price closed at Rs 3,521.15 apiece on NSE up by 3.52 per cent. Get the most important support and resistance levels of the share at Hero share price forecast.
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