Hero MotorCorp Ltd. sold more than 6 lakh two-wheelers for the third straight month despite a slump in the first few days of July due to the Goods and Services Tax.
India's largest two-wheeler maker's sales rose 17 percent to 6.2 lakh units over the same month last year. That beat BloombergQuint's estimate of 6 lakh vehicles.
While GST initially hurt sales, robust rural demand for two-wheelers was expected to drive up the numbers, according to a Nomura Research report on July 31.
The company did not share model-wise sales numbers.
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