Hero MotoCorp’s Monthly Sales Fall To 11-Month Low
Hero MotoCorp Ltd.'s total sales fell to an 11-month low in December despite a 43 percent increase on a year-on-year basis.
The two-wheeler manufacturer sold 4.72 lakh units in December, as per the company in its stock exchange filing. The year-on-year growth was partially due to a low base in the same month last year as sales fell owing an intense cash crunch following demonetisation. Sales in December 2016 stood at 3.3 lakh vehicles.
Hero MotoCorp surpassed the landmark 70 lakh units in cumulative sales in 2017 as it sold a record 72,07,363 units of two-wheelers. It posted the highest ever monthly sales figure of 7,20,739 in September last year.
Commenting on the future course of action, Pawan Munjal, chairman of the two-wheeler maker said, "We are now entering the last quarter of this fiscal with a strong focus on the premium segment and scooters and we are confident of sustaining our growth momentum."
The company unveiled three new motorcycles–the 125cc Super Splendor, the 110cc Passion PRO and the 110cc Passion XPRO in December.
Shares of the company fell as much as 1.2 percent to Rs 3,723 apiece on the BSE.
Also Read: Tata Motors, Bajaj Auto Zoom Ahead, Hero MotoCorp Meets A Bump
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
