Hero MotoCorp sales grow 11% in October

Country's largest two-wheeler maker Hero MotoCorp today reported 11.25% rise in sales at 6,39,802 units in October, its highest ever in a single month.

The company had sold 5,75,056 units in the same month last year, Hero MotoCorp said in a statement.

Its previous highest sales in any month was in October 2013 when it sold 6,25,420 units.

"With over 1,08,000 units of scooters sold in October, Hero MotoCorp crossed the landmark one-lakh unit sales in scooters in a month," the company said.

In the domestic market, Hero MotoCorp scooter sales grew by 74.6% in October this year over the corresponding month in 2014, it added.

"With this, the market share of Hero MotoCorp in the domestic scooter market has risen from 13% in September to almost 20% at the end of October," the company said.

Hero MotoCorp shares were trading at Rs 2,591.60 apiece on the BSE, up 1.67% from previous close.