NDTV Profit

Hero MotoCorp Sales Rise 2% At 5,83,117 Units In May

The company had sold 5,69,876 units in May 2015, Hero MotoCorp said in a statement.
EMAIL
COMMENTS
Hero MotoCorp Sales Rise 2% At 5,83,117 Units In May
New Delhi: Country's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 2.32 per cent increase in sales at 5,83,117 units in May.

The company had sold 5,69,876 units in May 2015, Hero MotoCorp said in a statement.

Market demand was expectedly subdued in May, due to heavy retail offtake that happened in April on account of marriage season and regional festivals in different parts of the country during that month, it added.

"However, a good monsoon after two consecutive years of sub-normal rains could lead to a change in sentiments in the rural markets, which may lead to a positive turn-around in the industry in the second half of this fiscal," the company said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ ONGC To Buy Government Stake In HPCL For Rs 36,900 Crore

Advertisement

GAINERS / LOSERS

Advertisement