The company had sold 6,06,542 units in March 2016, Hero MotoCorp said in a statement.
The two-wheeler industry, whichrnhas been vrooming with high double-digit growth till October,rnis likely to shrug off the note ban shocks and close thernoutgoing financial year with a 7-8 per cent growth, accordingrnto a report.
In one of his addresses, Prime Minister Narendra Modi spoke on the timing of demonetisation, saying that you treat a patient when he is healthy and not when he is weak. His assessment of the economy being healthy at the time of demonetisation seems to be correct if the latest GDP numbers are to be believed.
Domestic passenger vehicle sales declined by 1.36 per cent to 2,27,824 units in December 2016, from 2,30,959 units in the same month a year ago.
The year on year two-wheeler sales for the month of December are down 40 percent in urban areas and 50-60 percent in rural. Bookings for two-wheelers is down about 25-30 percent and that for cars are down 10-15, said John K Paul, President, FADA.
Total two-wheeler sales during the month grew 13 per cent to 2,38,320 units as against 2,10,843 units in the same month a year ago, TVS Motor Company said in a regulatory filing.
Motorcycle sales last month, however, increased marginally to 8,72,325 units from 8,68,505 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Bajaj Auto said it had clocked 2.89 lakh unit sales in December 2015, flat compared to a similar figure in December 2014. The company's two-wheeler sales rose 1 percent to 2.47 lakh while commercial vehicle sales fell 4 percent to 41,221.
Hero sold 4,80,537 units in August 2015, lower by 14 percent compared to 5,58,609 units sold in the year-ago period, said the world's largest two-wheeler manufacturer. Sales also declined 1.4 percent on month-on-month basis.
Motorcycle sales last month grew 4.04 per cent to 9,22,323 units from 8,86,521 units in January a year ago, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Two and three wheeler manufacturer TVS Motor Company recorded a marginal dip in total sales at1,65,696 units in February 2013.
Domestic passenger car sales declined by 10.08% to 144,516 units in August, 2011, from 160,713 units in the same month last year.
Domestic passenger car sales declined by 15.76% to 1,33,747 units in July, 2011, from 1,58,767 units in the same month last year.