Hero MotoCorp gains on higher January sales

The company reported sale of over 5.6 lakh units in January 2014

Shares of Hero MotoCorp were up over 1% at Rs 1,985 in an otherwise weak market after the company today reported yet another month with sales of over 5.5 lakh units in January despite challenging market conditions.

The two-wheeler major sold 561,253 two-wheeler units in January 2014, up 0.6% compared with 557,797 in Januar 2013.

Riding on record sales in the festive months of October and November, Hero MotoCorp has registered sales of 6.18 million units in 2013, the highest-ever sales for any calendar year, the company said in a release.

Over 68,000 shares were traded so far on both the stock exchanges.