Hero MotoCorp sells 11 lakh units

Hero MotoCorp Ltd reported retail sales of over 11 lakh units in October and November. “This represents a seven per cent growth over the same period last year. By the time November is over, we would have retailed even higher volumes, further adding to this tally,” Anil Dua, Senior Vice-President (Marketing & Sales), said in a company statement. The retail sales have come on robust demand for strong brands such as Splendor and Passion as well as new models like Maestro and Ignitor, he said. “This current momentum has given us the hope for a positive turnaround in the two-wheeler industry,” he added. However, December being the last month of the year when retail off take remains sluggish, the company is restricting despatch sales in November. “Going forward, therefore, we remain cautiously optimistic for the rest of the fiscal,” he added.