Hero MotoCorp reports 4% fall in February sales
Country's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.
March 01, 2013 / 19:10 IST
Country's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.
Also read: Labour pangs for Hero Motocorp; 5 workers on hunger strikeHero MotoCorp Senior Vice President (Marketing and Sales) Anil Dua said: "Selling over five lakh units despite the overall sluggishness in the market is an encouraging sign of customer preference and sustained demand for our products in the market. However, overall sentiment in the industry still
remains weak."The industry did stage some recovery during the festival period but does not seem to have sustained the momentum, he added."High interest rates, persistent inflation and delayed monsoon have all played their part in building to a rather poor consumer sentiment this fiscal," Dua said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
