Hero MotoCorp posts best-ever sales performance

Hero MotoCorp Ltd, the world’s largest two wheeler manufacturer fortified its leadership position, clocking its best-ever sales performance in a financial year.

During the period April 1, 2014 – March 31, 2015, Hero MotoCorp sold a record 66,31,826 units of two wheelers, posting a growth of 6.2 per cent over the corresponding period when the company sold 62,45,960 units in the previous financial year.

“FY’15 was a year of milestones at Hero MotoCorp – in terms of our sales performance, expansion of our global footprint, product innovation and customer engagement. Our record sales performance during the fiscal is reflective of all these efforts,” said Pawan Munjal, Vice Chairman, Managing Director & Chief Executive Officer, Hero MotoCorp Ltd.

Riding on popular demand for its range of two-wheelers, HMCL capped-off the financial year 2015 with robust 5,31,750 unit sales in March’15. The company had sold 5,24,028 units in March 2014.

In the month of March, HMC-MM Auto Ltd., the Joint Venture between Hero MotoCorp Ltd. and Milan (Italy)-based Magneti Marelli, also inaugurated its first autonomous ‘Production and Development Centre’ at Manesar (Haryana).

The new centre will serve as a production facility and innovation hub to develop new-generation fuelling systems for HMCL two-wheelers. With the commencement of operations at the Development Centre, HMCL is set to become India’s first two-wheeler manufacturer to have its own EFI Product-line.