Will start selling in 10 new markets in LatAm, Africa by Mar: Hero MotoCorp

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SummaryThe country's largest two-wheeler maker Hero MotoCorp on Monday said it will start selling its products in 8-10 new markets in Latin America and Africa by the end of March this year as it looks to increase exports.

data, HMC's total domestic sales so far in this fiscal have come down by 1.99 per cent at 44,24,371 units.

"With robust sales since festive period and highest ever monthly sales in January, we are moving up and the fourth quarter also looks good. Our attempt is to be in the positive this fiscal," Dua said.

The company is expecting better sales during 2013-14 on the basis of low sales in this fiscal and 7-8 new launches, including new models, variants and refreshes, he added.

Dua also said the company is expanding the production capacities of its scooters and 125 cc segment motorcycles, in which it witnessed 33 per cent and 36 per cent growth in last month, respectively.

"We are increasing the monthly scooter capacity to 60,000 units from 40,000 units earlier. The capacity of 125 cc bikes is also enhanced to around 70,000 units a month from 60,000 earlier," he added.

Shares of HMC were trading 0.48 per cent up at Rs 1,822 apiece on BSE during late afternoon trade.

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