02 June 2011

Hero Honda sales up 14.7 pc in May

Hero Honda sales up 14.7 pc in May : The country''s largest two-wheeler maker Hero Honda today reported 14.7 per cent increase in sales during May at 5,00,234 units. The company had sold 4,35,933 units during the same month last year, Hero Honda Motors Ltd (HHML) said in a statement.This is the third consecutive month that the company''s monthly sales have crossed the five lakh mark.

"We have crossed one million sales mark in the very first two months of this fiscal. Setting new industry benchmarks with consecutive months of over five lakh sales, we have put ourselves well on course towards our guidance of over six million unit sales in this fiscal year (FY''12)," HHML Senior Vice-President Anil Dua said.

He said the company has scaled up capacity at its existing three plants to 6.15 million units."And now with the forecast of a good monsoon, we expect the market demand also to sustain itself," Dua said.

Following Honda''s exit, the company is currently in the process of building a new brand identity and developing new brand communication.It is also focusing on enhancing its own R&D capability and exploring overseas markets for exports.

In December last year, the Indian promoter of the two- wheeler maker, the B M Munjal family, had agreed to buyout the entire 26 per cent stake of the Japanese promoter Honda in Hero Honda for Rs 3,841.83 crore.


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