Hero MotoCorp clocks highest-ever October sales: 529,215 units

New Delhi, November 1, 2012: Monthly sales for market leader Hero MotoCorp Ltd (HMCL), which have been under pressure for the past few months, have bounced back. The company has reported its highest-ever despatch sales for the month of October.

While sales had dipped to below the 400,000 unit mark in September, October 2012 sees the manufacturer return to the 500,000 sales landmark, with despatches of 529,215 two-wheelers in the month compared to 512,238 units in October 2011.

In terms of retail sales during the festive season, HMCL sold over 350,000 units in just the first fortnight of the festive periodwhich began from October 16. It also posted its highest-ever scooter sales for any month by crossing the 50,000 units mark in October 2012. The new 110cc scooter – Hero Maestro – has clicked with buyers along with the 100cc Pleasure. As a result of the demand, HMCL has scaled up its scooter production to over 60,000 units a month.

Anil Dua, senior vice-president (marketing and sales), HMCL, said: “Our October story is about touching new milestones: Highest-ever October sales, over 50,000 scooter sales and retail of over 350,000 units of two-wheelers in just 15 days. The entire range of our new Hero-branded models, including the new launches – Maestro and Ignitor –is reflected in these numbers. With Diwali around the corner, we are prepared for even better retail sales in November as well. We hope the improved market sentiment will sustain itself as we go forward into the rest of this fiscal.”