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Hero MotoCorp Ltd clocks sales of 610,252 units in November 2018

Posted On: 2018-12-01 20:59:51

Hero MotoCorp Ltd., the world's largest two-wheeler manufacturer, today reported sales of 610,252 units of two-wheelers for the month of November 2018.

The Company had sold 605,270 units in the corresponding month last year (November 2017).

The industry witnessed conservative sales off-take during the previous couple of months owing to issues like increase in insurance costs before the festive season and overall lowkey market sentiment. However, sales picked up in the last few days of the festive season.

During the month, the Company commenced nationwide retail sales of its new 125cc scooter, the Destini 125, country's first and only scooter to feature an idle start-stop system (based on Hero's revolutionary i3S technology). The Destini 125 aims to fortify the Company's presence in the fast-growing 125cc scooter segment.

Hero MotoCorp also renewed its association with golfing icon Tiger Woods this week, ahead of the annual Hero World Challenge in the Bahamas. The journey began in 2014 when the Company signed Tiger as its Global Corporate Partner.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3058.2 as compared to the previous close of Rs. 3021.25. The total number of shares traded during the day was 24867 in over 1703 trades.

The stock hit an intraday high of Rs. 3080 and intraday low of 3016.6. The net turnover during the day was Rs. 75841258.


Source: Equity Bulls

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