Cars in India | Autoportal.com

Grab Exciting Deals on New Cars! Hurry, Limited Period Offer!

Hero MotoCorp records highest ever quarterly sales

Hero MotoCorp records highest ever quarterly sales

Snapshot: The recently concluded first quarter (April to June 2017) of the financial year has witnessed the highest ever sales for a single quarter with 18,53,647 units being sold.

- Comments    |    Write Comment

India’s largest two-wheeler manufacturer, Hero MotoCorp, has recently recorded the highest ever quarterly sales of its product during the first quarter of the financial year itself from April to June. The first quarter of the financial year has seen an annual growth of 6.2 per cent, over the same period the previous year.

The giant Indian two-wheelers maker presently holds the market share of 46 per cent in the segment. The recently concluded first quarter (April to June 2017) of the financial year has witnessed the highest ever sales for a single quarter with 18,53,647 units being sold. The company posted a gross profit of Rs. 8,612.9 crore, a 7.5 per cent growth annually, while the net profit came down to Rs. 914 crore after paying the taxes, a 3.5 per cent rise in the net profit annually, all thanks to the best ever sales period.

Hero MotoCorp consolidated its position in the domestic market by engaging in brand building in the global market with its Global Business team, which has resulted in the positive growth of the markets like Latin America and Asia. The company is determined to maintain its position in the domestic market as well as to expand its presence globally.

The new financial year of 2018 would be an interesting span for the company as it will be expecting a new record to be set and the company is constantly working in the right direction towards achieving it. With several other new products which have been planned to be launched over the next following quarters, the company will definitely hope that it adds to the growth of the company’s sales unit.

Related car news

  • Hero Motocorp gives 100 Duet scooters to women police in Haryana 07-08-2017 Autoportal Team Hero Motocorp gives 100 Duet scooters to women police in Har...
  • Hero MotoCorp to launch two new motorcycles by September 2017 09-06-2017 Autoportal Team Hero MotoCorp to launch two new motorcycles by September 201...
  • Hero MotoCorp to enter Brazilian market in 2019 12-05-2017 Anurag Busi Hero MotoCorp to enter Brazilian market in 2019
  • Hero MotoCorp hikes prices of all models by up to Rs. 2,200 04-05-2017 Anurag Busi Hero MotoCorp hikes prices of all models by up to Rs. 2,200
  • Hero HX 250R inspired fully faired motorcycle spied undisguised 09-04-2019 Naveen Kumar Hero HX 250R inspired fully faired motorcycle spied undisgui...
  • Hero Motosports Riders make it to the Top 5 at Merzouga Rally 2019 03-04-2019 Naveen Kumar Hero Motosports Riders make it to the Top 5 at Merzouga Rall...
Helpline