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New Delhi, September 1: : Country's largest two-wheeler maker Hero Honda on Monday reported a 26.84 per cent jump in its domestic sales in August at 3,05,516 units, against 2,40,875 units in the corresponding month last year.
The cumulative sales for the April-August period this year stood at 14,81,077 units, compared with 12,44,919 units in the corresponding period last year, reflecting a 18.97 per cent growth, the company said in a statement.
The company said it has strengthened its share in the domestic motorcycle market by over 55 per cent.
"Our strategy is yielding results... however, the industry continues to face uncertainty on account of high interest rates and overall credit squeeze," Hero Honda Motors Senior Vice President (Marketing and Sales) Anil Dua said.
The coming festival month of October would be crucial in determining the overall outlook of the industry for the rest of the year, he added.
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