Hero MotoCorp Ltd reported yet
another month of six-lakh plus unit sales. The company sold 633,884 units of
two-wheelers in May 2017, compared to 583,117 units despatched in the
corresponding month last year, registering a growth of 8.7%.
With monsoon already hitting some parts of the
country and forecast of normal rains this year, the industry is expecting a
boost in demand and consumption in the rural markets. Having lined up a slew of
new launches across various segments, the company is confident of maintaining
the growth trajectory in the coming months.
Hero MotoCorp also commenced commercial
production in the manufacturing facility at its subsidiary HMCL Niloy
Bangladesh Ltd. This plant, located at Jessore in Bangladesh, has an installed
capacity of 150,000 vehicles per annum.
This is Hero’s second manufacturing facility
at an overseas location. The Company, which has rapidly expanded to 35
countries across Asia, Africa and South and Central America, has its first
overseas manufacturing plant at Vila Rica near Cali in Colombia, which became
operational in 2015.
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