Leading two-wheeler manufacturer Hero MotoCorp Ltd. (HMCL) despatched 591,306 units of two-wheelers in the month of April 2017. The company had despatched 612,739 units in the corresponding month last year. This translated to a 3.5pc drop in sales for April.
According to a company release, the two-wheeler industry witnessed heavy retail off-take towards the end of March 2017 in view of the transition from BS III to BS IV vehicles. With the ongoing marriage season, the company expects to maintain the trend of robust retail sales in May.
The company raised the prices – ranging from Rs 500 to Rs 2200 – across different models to partially offset the commodity cost increases, effective from May 1, 2017.
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