Hero MotoCorp Ltd has announced that they sold 5,82,756 units in the month of January 2019. The company reported a 9% yoy decline in vehicles sales in January 2019. The sales stood at 6,41,501 vehicles in the month of January 2018 and 4,52,985 vehicles in December 2018.
In its press release, the company said that The weak market sentiment from the previous quarter spilled over to January and continued to dampen sales. The industry has been witnessing lower retail off-take in the past few months due to multiple factors, like the credit crunch and higher two-wheeler insurance costs.
Hero MotoCorp has lined-up a series of launches in its two focus segments – premium motorcycles and scooters – that are expected to bring the much needed excitement in the market. The Company’s first scooter in the 125cc segment, the Destini 125 has already received overwhelming response from customers.