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

In September last year, the company had launched the Hero brand in its existing international markets such as Sri Lanka and Nepal.

According to Society of Indian Automobile Manufacturers (SIAM) data, HMC's exports declined by 18.27 per cent at 1,21,859 units during April-December period this fiscal.

Yesterday, the company had reported its highest ever monthly sales at 5,57,797 units in January 2013. However, as per SIAM 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.

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