Hero MotoCorp's March sales up 14 percent

Hero MotoCorp Ltd (HMCL), the world's leading two-wheeler manufacturer, on friday reported a 14 percent growth in sales in March 2016.

"HMCL sold 606,542 units in March, with a 14 percent growth over the corresponding month last year when the company had sold 531,750 units," it said in a statement.

Apart from March, the two-wheeler maker also exceeded 6 lakh plus monthly sales in October and September in the 2015-16 fiscal.

It sold 6,632,322 units of two-wheelers during 2015-16 as compared to 6,631,826 units in 2014-15, the company said.

"FY'16 has also been a landmark year. We launched our first in-house developed products and commissioned our first overseas manufacturing facility began operations at our centre of innovation and technology at Jaipur," said company's chairman and managing director and CEO Pawan Munjal.

"The industry witnessed mixed fortunes in FY '16 with sales looking up in the second half of the year. Timely measures by the government and a good monsoon will be essential in sustaining this positive trend," he said.

The company's global footprint also expanded to 30 countries.