Hero MotoCorp sales decline 8.75% in October

The country’s largest two-wheeler maker Hero MotoCorp on Monday reported a decline of 8.75 per cent in sales at 5,75,056 units in October. The company sold 625,420 two-wheeler units in October 2013, Hero MotoCorp Ltd (HMCL) said in a statement. Over a million two-wheelers were sold during the recently concluded festival period. ‘HMCL retailed more than one million (10 lakh) two-wheelers during the 37 day festive period, which started on 25 September and lasted until 31 October, 2014,’ the company said. It added that new launches, including ZMR, Splendor iSmart, Splendor Pro Classic and Passion have been driving the volume across the segment.