Hero MotoCorp plans new launches in Sept-Oct; eyes double-digit growth

Two-wheeler market leader Hero MotoCorp plans to launch new 125cc scooters and Xtreme 200R motorcycle in September-October with an eye on double-digit growth in festive season, company's Chairman and MD Pawan Munjal said.

The firm is also betting on good agricultural harvest on account of the normal monsoon across the country to drive market demand.

We are preparing for a pre-festive launch of our new 125cc scooters and the premium motorcycle Xtreme 200R. These products could come by September or October of this year," Munjal told shareholders at the company's annual general meeting here today.

He further said, "We will gradually build on our premium portfolio with a range of new products. One such differentiated product will be the Xpulse 200.

Commenting on the company performance, Munjal said, We have had a robust start to the year so far, with our all-time high quarterly sales coming in the first quarter."
On growth expectations, he said, "We expect to grow at double digit in the upcoming festive season to top off our strong growth of the previous years."
He further said, The normal monsoon in most parts of the country, and the consequent agricultural harvest will keep the sentiments buoyant and help maintain our momentum."