India's largest two-wheeler manufacturer Hero MotoCorp Ltd. witnessed a 4.7 percent year-on-year decline in sales in February. This is the fourth successive month of sales degrowth for the company since October 2016 when it recorded 6 lakh units worth of sales.
The company sold 5.24 lakh two-wheelers in February 2017 compared to 5.5 lakh units in the corresponding month last year, it said in a media statement.
Hero MotoCorp sees sales volumes gradually picking up as the currency situation and consumer sentiment improves, the statement added.
The two-wheeler manufacturer also said that it has fully transitioned to producing Bharat Stage IV emission norms compliant vehicles starting March 1, 2017.
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