MasterMind Update (MMU) – Hero MotoCorp Sales Rise 19.7% — The country’s largest two-wheeler maker clocked its highest ever monthly sales of 703,473 units in March, a jump of nearly 20 percent from the same period year ago.
The automaker crossed the 75 lakh units sales mark in the financial year 2017-18, becoming the first ever entity to achieve such a feat globally, according to its press release. The company is on track to achieve the stated objective of 1 crore annual unit sales by the year 2020. It had sold 66.6 lakh bikes and scooters in 2016-17.
Expecting market demand to grow significantly in the near future, Hero MotoCorp is also investing in ramping up its production capacity.