Hero MotoCorp’s cumulative sales till date have crossed 7.5 crore units. With this, the company seems to be right on track to meet its target of breaching the 10 crore units milestone by 2020.
A couple of years ago, Hero MotoCorp had announced an ambitious plan of entering 50 new markets by 2020, setting up 20 manufacturing facilities across the globe and an overall annual turnover of Rs 60,000 crores. It also planned to have a cumulative sales figure of over 10 crore units by 2020. However, its growth had been stunted by the slowdown in the global two-wheeler industry as well as setbacks in the domestic market in the past few months. However, Hero MotoCorp has been slowly recovering from these setbacks and seems to be back on track to meet its target.
Last month, Hero MotoCorp sold 6.78 lakh two-wheelers in the domestic market, a record high for this year. We can expect the festive season to keep the momentum going.
