Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, sold 532,113 units of two-wheelers during the month of July 2016. This is a growth of 9.13% over the corresponding month last year (July 2015) when the company had sold 487,580 units.
In addition to its leadership in the 100cc segment, Hero MotoCorp also continues to dominate the 125cc space, with robust contributions from popular 125cc motorcycles Glamour and Super Splendor. In the scooter segment, Maestro Edge and Duet also maintained their growth trajectory during the month.
Also read – Hero Motocorp Splendor iSmart 110 Review : Smart Hero-ics
In July, Hero MotoCorp commenced retail sales of Splendor iSmart 110 – the first motorcycle to have been completely designed and developed by its in-house R&D team at the state-of-the-art, brand new Hero Centre of Innovation and Technology in Jaipur. According to the company, the initial customer response to the new bike has been positive.
With the above average monsoon and implementation of the 7th pay commission recommendations, the company remains cautiously optimistic about a positive turnaround in the industry in the second half of the year.