Hero MotoCorp Limited (HMCL), the world’s largest two-wheeler manufacturer, reported sales of 6, 41,501 units for the month of January 2018 against 4, 87,088 units in January 2017, and growth of 32% yoy. Sales volumes were 33% higher compared to December 2017 sales of 4, 72,731 units.
For Q2FY18, Motorcycles comprised 88% of total volumes and Scooters 12%. The company is largest seller of Motorcycles in India; however, it stands at 3rd position in scooters -- after Honda Motorcycles and Scooters and TVS Motor Company. Exports comprise only 2.3% of total volumes. Despite Hero being a late entrant into the export market, it plans to double the number of countries that it exports to, from 20 to 40 over next few years. The very size of 2W markets in developing countries presents a huge growth opportunity for Hero.
CapitalStars Award Winning , SEBI registered , ISO certified investment advisory company. We provide intraday & positional services in Equity , derivative ,commodity & currency. Our research is highly skilled & experienced .
Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
No comments:
Post a Comment