Hero MotoCorp Ltd., the
world’s largest two-wheeler manufacturer, capped-off the calendar year
(January-December 2017) with yet another global benchmark, surpassing the
landmark seven million units in cumulative sales in a calendar year. The company
sold a record 7,207,363 units of
two-wheelers in the period January – December 2017.
The cumulative sales of Hero
MotoCorp in fiscal 2017 (April-December 2017), have now risen to 5,585,558 units, translating into a double digit growth
of 11% over the corresponding period (Apr-Dec 2016), when it had sold
Hero MotoCorp sold 472,731
units in December 2017, as against 330,202 units in the corresponding month
(Dec 2016), registering a strong growth of 43%.
Pawan Munjal, Chairman,
Managing Director & Chief Executive Officer, Hero MotoCorp said, “2017 has
been a landmark year in our strategic endeavor to further consolidate our
market leadership. Despite the challenging industry environment, we
successfully created a series of benchmarks, not only for the Indian market but
also for the global automotive industry. Starting with our first global product
launch in Argentina in January, we have continued to delight the customers with
our technologically-advanced and youthful range of new two-wheelers. This has
clearly been reflected in the strong demand pattern for our motorcycles and
scooters. We are now entering the last quarter of this fiscal with a strong
focus on the premium segment and scooters and we are confident of sustaining
our growth momentum.”
In December, the company
unveiled three new motorcycles – the 125cc Super Splendor, the 110cc Passion
PRO and the 110cc Passion XPRO – to further augment its dominant leadership in
the domestic market. These motorcycles will be introduced in a phased-manner starting
BorgWarner has clinched an agreement with a major North American OEM to supply its bi-directional 800V Onboard Charger (OBC) for the automaker’s premium passenger vehicle battery electric vehicle (BEV...
Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs), has unveiled an innovative range of side stand sensors and switches that use advanc...
As the adoption of electric vehicles (EVs) continues to grow, Honeywell has created innovative solutions to address safety concerns across the spectrum of EV manufacturing and use.