Hero had excellent sales in 2015

Hero MotoCorp Ltd (HMCL) further fortified its leadership position, clocking its best-ever sales performance in a financial year (FY). Establishing yet another industry benchmark, the company sold record 66,31,826 units of two-wheelers during the financial year (April 1, 2014–March 31, 2015) – a growth of 6.2 % over the corresponding period when the company had sold 62,45,960 (April 1, 2013 – March 2014).

Riding on popular demand for its range of two-wheelers, HMCL capped-off the financial year 2015 with robust 5,31,750 unit sales in March’15. The company had sold 5,24,028 units in  March 2014. In the month of March, HMC-MM Auto Ltd., the Joint Venture between Hero MotoCorp Ltd. and Milan (Italy)-based Magneti Marelli, also inaugurated its first autonomous ‘Production and Development Centre’ at Manesar (Haryana).

The new centre will serve as a production facility and innovation hub to develop new-generation fuelling systems for HMCL two-wheelers. With the commencement of operations at the Development Centre, HMCL is set to become India’s first two-wheeler manufacturer to have its own EFI Product-line. In March, HMCL also strengthened its Leadership Team with the appointment of Mr. Ashok Bhasin as the Head of Sales, Marketing & Customer Care function for the key India market. Bhasin was previously associated with Reckitt Benckiser where he used to lead their operations in entire Central Africa region as General Manager and as Managing Director, RB Nigeria.

“FY’15 was a year of milestones at Hero MotoCorp – in terms of our sales performance, expansion of our global footprint, product innovation and customer engagement. Our record sales performance during the fiscal is reflective of all these efforts. In FY’15, the industry continued to remain sluggish due to the overall market sentiments and the slowing rural economy. Even in such challenging market environment, we managed to buck the trend and registered healthy growth, further consolidating our leadership. The journey from here promises to get better and exciting. Thanks to a series of measures undertaken by the new government at the Centre, the economic outlook is definitely better, and it is likely to fuel growth and help the industry, ” stated Pawan Munjal, Vice-Chairman, Managing Director and CEO, Hero MotorCorp.