Hero Honda Sales Increased Up By 10 Percent In March 2009

Hero Honda LogoHero Honda country’s largest two-wheeler maker reported on Wednesday said it had a 10 percent increase in sales in March at 353342 units as against 320594 units the same month last year.

Total sales for the financial year 2008-09 stood at 3722000 units as against 3337142 units the previous year, a growth of 12 per cent, Hero Honda said.

The company said with the performance in the fiscal year 2008-09 it now commands at share of over 57 per cent in the over 75,00,000-units domestic market.

“An unprecedented share of over 57 per cent in the domestic motorcycle market particularly when the industry has been witnessing a massive slowdown on account of the impact of recessionary trends across the globe.”

The credit squeeze and the uncertainty over interest rates in the country is reflective of the strong fundamentals of the company,” Hero Honda Motors Managing Director and Chief Executive Officer Pawan Munjal said.

He said the firm would continue expanding its two-wheeler customer base by exploring markets across geographies — rural as well as urban — and across customer segments.

In the last fiscal (2008-09), the company had launched various new models across segments including, Hunk, CBZ X-Treme in the 150 cc segment and new variants of Passion, Splendor NXG along with refreshed models of its scooter Pleasure.

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