The country’s largest two-wheeler maker Hero MotoCorp today reported a decline of 8.75 per cent in sales at 5,75,056 units in October.
The company sold 625,420 two-wheeler units in October 2013, Hero MotoCorp Ltd (HMCL) said in a statement.
Over a million two-wheelers were sold during the recently concluded festival period.
“HMCL retailed more than one million (10 lakh) two-wheelers during the 37 day festive period, which started on September 25 and lasted until October 31, 2014,” the company said.
It added that new launches, including ZMR, Splendor iSmart, Splendor Pro Classic and Passion have been driving the volume across the segment.
In October, HMCL inaugurated a manufacturing plant at Neemrana in Rajasthan.
“The company has lined up a total investment of Rs 5,000 crore across the globe, including manufacturing plants in Columbia and Bangladesh.
“New plants are also coming up at Gujarat and Andhra Pradesh and Hero Global Centre for research and design at Kukas in Rajasthan,” HMCL added.