Hero Moto Corp Ltd (HMCL) begin the second quarter of FY 2013-14 with positive numbers as they sold 4, 87,545 units in July 2013 compared to 4, 84,217 units in July 2012, recording a growth of 0.7%. Their year-to-dates sales for FY 2012-13 stood at 2,015,525 units lower by 2.6% as against 2,068,658 units in same period of FY 2012-13.
The month also witnessed Hero Moto Corp’s acquisition of 49.2 per cent stake in their American partner Erik Buell Racing (EBR) and launched its operations in new international markets such as Kenya, Burkina Faso and Ivory Coast in Africa.
Source: Autobei
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