Hero MotoCorp announced its sales figures for the last month which stood at a whooping 5,29,862 units. According to the company, that number translates into a nine per cent growth when compared to the sales in July 2013 when the company managed to sell 4,87,545 two-wheelers.
This marks a strong first month of the second quarter and the next two months will tell if the two-wheeler major can surpass the 10 per cent growth that it registered in the first quarter of the current financial year.
During that period (April-June 2014) Hero sold 17,15,129 two-wheelers and in the process registered its highest ever quarterly sales. The excellent sales also brought good news today to Hero MotoCorp’s Chief Financial Officer (CFO), Mr. Ravi Sud, whose tenure has been extended by another two years (till July 31 2016).
Mr. Sud has been with the company for close to 15 years now and was awarded the Best CFO in Auto and Auto Ancillary, and also the Best CFO of the Year Award – both for 2013. The company is also expanding its global presence is setting up a wholly-owned subsidiary in Colombia. The construction of the manufacturing plant has started and Hero MotoCorp will be the first Indian two-wheeler company to have a manufacturing plant in Latin America.
The press release states that all recent launches by the company, including the new Xtreme, Karizma R and ZMR models are driving volumes across markets, but we would have appreciated if the company had shared the model-wise sales numbers as that would have told us whether the new Karizmas are indeed doing better.
We did tell you earlier that the company is gearing up for several launches in the remaining months of 2014 and has already confirmed three from that list – Xtreme Sports, Passion Pro TR, and Splendor Pro Classic (yes the cafe racer). Hero how about surprising everyone with the launch of HX250R?
