The company has also appointed Sanjay Bhan as Head of Global Business to pursue rapid expansion and consolidation in the international markets, Hero MotoCorp said in a statement.
Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy
The gains for India's largest two-wheeler makers are largely expected to come from the rural market due to a shift to personal mobility and higher sales of entry-level bikes
The company cautiously anticipates sales to continue their upward trajectory with favorable factors such as the upcoming festive season and continued government policy support
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Harley, known for its heavy touring motorcycles, struggled in India mainly because of high import duties
The momentum oscillator MACD has provided fresh sell crossover on the weekly scale for Piramal's stock
Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses
Hero MotoCorp, TVS Motor increase market share in a dwindling market while Bajaj and Honda slip
Despatches at India's top two carmakers - Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) - zipped past not only the pre-Covid phase
Semi-urban centres drive demand for Hero
The GST meeting on September 17 might take up the two-wheeler rate issue to spur sales ahead of the festive season
Shift to personal mobility helped improve firm's market share
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The company is already seeing green shoots, and expects them to sustain and get stronger as it moves toward the festive season
The company had posted a net profit of Rs 1,256.69 crore during April-June period of previous fiscal
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According to analysts, Hero MotoCorp's channel inventory levels, demand outlook and customer response for new products launched will be the key monitorables
Maruti suppliers double the inventory to ensure uninterrupted supplies
The year-on-year decline also narrowed to 4.4% in July from the high double-digit decline in the previous month