Hero MotoCorp sells 11 lakh motorcycles in October and November

30 November 2012, 03:08 PM Pratheek Kunder
Hero MotoCorp sells 11 lakh motorcycles in October and November

Hero MotoCorp revealed that they have sold 11 lakh (1.1 million) motorcycles during the festive season this year. The figure is a record for the months of October and November, and is an increase of 7 per cent compared to last year.

Hero MotoCorp sold over 1 lakh motorcycles on the auspicious occasion of Dhanteras. Mr Dua, senior vice president (marketing and sales) said, "Our retail sales in the festive months of October and November crossed 11 lakh units earlier this week. This represents a seven per cent growth over the same period last year. By the time the month of November is over, we would have retailed even higher volumes, further adding to this tally. This current momentum has given us the hope for a positive turnaround in the two-wheeler industry. However, December being the last month of the year when retail off-take remains sluggish, we are restricting our dispatch sales in November. Having said that, we would still be dispatching almost five lakh two-wheelers this month. Going forward, therefore, we remain cautiously optimistic for the rest of the fiscal." he added.

Majority of the sales have come from their executive segment which includes motorcycles like Splendor and Passion X Pro.

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