Hero MotoCorp records 9.13% YoY growth in July 2016

Hero MotoCorp, India’s largest two-wheeler maker, has reported sales of 532,113 units in July 2016, marking a YoY growth of 9.13 percent. It had sold 487,580 units in July last year.

The company launched the Splendor iSmart 110 last month, which is already on sale. The 110cc mass commuter model, also the first completely designed and developed motorcycle by Hero’s engineering team at its Centre of Innovation and Technology (CIT), Jaipur, is receiving a positive response in the market, says an official note from the company.

It is estimated that the newly launched Splendor model will give a substantial push to overall Splendor sales in the coming months as the festive season approaches. While the company commands a dominant market share of more than 70 percent in the mass commuter motorcycle segment (up to 110cc), it currently is also ruling the 125cc executive commuter segment with its Glamour model. The latter has been outselling the conventional segment best-seller, Honda CB Shine, since February this year.

“Hero MotoCorp also continues to dominate the 125cc space, with robust contributions from popular 125cc motorcycles like the Glamour and Super Splendor. In the scooter segment, the Maestro Edge and Duet also maintained their growth trajectory during the month,” quotes the release. According to the company, it has also recorded growth in the sales of its Duet and Maestro scooters last month.

The company has a positive outlook of the market demand for the coming months, thanks to the above average monsoons and the implementation of the Seventh Pay Commission by the Central government.