Published By: Mohammad Haris
Last Updated: November 16, 2023, 15:51 IST
Hero MotoCorp on Thursday mentioned it recorded highest-ever gross sales in a festive season by retailing greater than 14 lakh two-wheeler items in the 32-day interval this yr. The nation’s largest two-wheeler maker achieved the gross sales mark between the primary day of the Navratras and Bhai Dooj on November 15.
Riding on sturdy demand throughout rural markets in addition to regular retail off-take in key city centres, the corporate registered a 19 per cent development over the earlier yr, and surpassed its earlier highest retail of 12.7 lakh items which was recorded in the festive interval of 2019, Hero MotoCorp mentioned in a press release. “Our strong portfolio of brands, scale of distribution and new launches done this year have helped in driving this growth across geographies,” Hero MotoCorp CEO Niranjan Gupta mentioned.
The festive season is a transparent testimony that rural is coming again to development, which augurs effectively for the nation in basic and the 2-wheeler business in explicit, he added. Hero MotoCorp Chief Business Officer (India Business Unit) Ranjivjit Singh mentioned the document retail quantity was achieved as a result of sturdy buyer traction throughout markets, with good double-digit development in the Central, North, South and East zones. The sturdy buyer demand in the agricultural markets, in addition to the very constructive sentiments in key city centres, drove this document retail gross sales, he added.
“With this robust retail sales, our post-festive channel inventory has now come down to its lowest level in more than three years. This has set us on a steady growth path for the rest of the fiscal year,” Singh famous.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
