Riding on robust demand for its popular range of two-wheelers, Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, capped-off the calendar year 2017 with yet another benchmark, selling more than seven million units cumulatively.
The Company sold a record 72,07,363 units of two-wheelers in the period January – December 2017 and 55,85,558 units in the financial year (April – December 2017), that translates into a growth of 11 per cent over the corresponding period in 2016, when it had sold 50,42,435 two-wheelers. In December 2017, Hero MotoCorp sold 4,72,731 units as against 3,30,202 units in the corresponding month (Dec 2016), registering a strong growth of 43%.
Commenting on the feat, Pawan Munjal, Chairman, Managing Director & Chief Executive Officer, Hero MotoCorp, stated, “2017 has been a landmark year in our strategic endeavor to further consolidate our market leadership. Despite the challenging industry environment, we successfully created a series of benchmarks, not only for the Indian market but also for the global automotive industry. Starting with our first global product launch in Argentina in January, we have continued to delight the customers with our technologically advanced and youthful range of new two-wheelers. This has clearly been reflected in the strong demand pattern for our motorcycles and scooters. We are now entering the last quarter of this fiscal with a strong focus on the premium segment and scooters and we are confident of sustaining our growth momentum.”
The manufacturer also set a new yard stick when it comes to the highest sales in a quarter, with 20,22,805 units being sold in July-September 2017 and also went on to become the first manufacturer to sell more than seven lakh units in a month (September 2017).
In December, the Company unveiled three new motorcycles – the 125cc Super Splendor, the 110cc Passion PRO and the 110cc Passion XPRO – to further augment its dominant
leadership in the domestic market. These motorcycles will be introduced in a phased manner starting January 2018.