When it comes to the sales report of Hero MotoCorp, it is always very interesting. The results and figures come out as answers to all those who said Hero will no way survive without the support of Honda. It’s like telling them ‘Shut up and Mind your businesses’ straight on their faces.
Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, today reported its best-ever quarterly sales, riding on two consecutive months of record sales. The total sale in the month of June stood at a whooping 5,34,091 units and this has made HMCL’s cumulative sales for the first quarter (April – June) of this financial year to touch 16,42,292 units, which is its highest-ever sales in any single quarter.
The company had sold 5,56,644 units of two – wheelers in the month of May, its highest-ever monthly sales, surpassing its previous highest of 5,51,557 units, recorded only the previous month (April’12). The company had sold 15,29,577 units in the corresponding quarter of the last financial year (2011-12).
June is the 11th consecutive month for HMCL to come up with a 500,000+ sales figure and this is a clear evidence of the company’s growth after the split between the Munjals’ led Hero group and the Japanese giant – Honda. The company had sold 5,12,244 units in June last year.
Commenting on the sales performance of the Hero MotoCorp Ltd, Mr. Anil Dua, Senior Vice – President (Marketing & Sales), Hero MotoCorp Ltd said, “With this quarterly performance, Hero MotoCorp has yet again set a new benchmark in the industry. It is all the more heartening as these numbers have come against the backdrop of an overall dampened sentiment in the industry and the economy. We have been growing consistently and going forward, we are confident of keeping up this momentum. With new product launches and foray into new international markets, we are looking forward to a lot of exciting action in the coming months.”
The company is also all set to move on a rapid expansion phase by investing 2500 crores of INR in coming up with two different manufacturing facilities in the states of Rajasthan and Gujarat which are tits 4th and 5th plants respectively besides expanding the capacity at existing plants and in building an integrated state – of – the-art R&D centre in Rajasthan (Kukas in Jaipur), which is going to be the largest two-wheeler R&D centre in the country.
This is a live proof to explain the amount of efforts that the world’s largest two – wheeler maker is undertaking to move up the ladder in terms of technological advancements so as to compete more effectively and efficiently with the global players.