Hero MotoCorp reports 9.13% rise in July sales

Hero MotoCorp Ltd (HMCL)on Monday said it reported 9.13 per cent growth in July sales over the corresponding month last year (July 2015).

The two-wheeler firm sold 532,113 units in July 2016 compared with 487,580 units in the same month of last fiscal. 

In addition to its leadership in the 100cc segment, Hero MotoCorp also continues to dominate the 125cc space, with robust contributions from popular 125cc motorcycles Glamour and Super Splendor. In the scooter segment, Maestro Edge and Duet also maintained their growth trajectory during the month, the firm said in a statement.

The company launched Splendor iSmart 110 at Rs 53,300 (ex showroom Delhi) on July 14, 2016. It said initial customer response to the launch has been positive.

With the above average monsoon and implementation of the 7th pay commission recommendations, the company remains cautiously optimistic about a positive turnaround in the industry in the second half of the year.