Hero MotoCorp's 2014-15 sales up 6.2 percent

Two-wheeler major Hero MotoCorp Wednesday reported an increase of 6.2 percent in its sales for 2014-15, which stood at 6,631,826 units from 6,245,960 units sold in the previous fiscal.

"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," Pawan Munjal, vice chairman, managing director and chief executive officer, Hero MotoCorp.

According to the company, in fiscal 2014-15 the industry continued to remain sluggish due to the overall market sentiments and the slowing rural economy.

"Even in such a 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," Munjal added.

For the month of March, the company's total sales rose by 1.47 percent at 531,750 units from 524,028 units sold in the corresponding month of 2014.

The company's scrip at the Bombay Stock Exchange (BSE) closed the day's trade up 0.49 percent at Rs.2,655.60 per equity share from Rs.2,642.60 per equity share.