Hero Motocorp begins New Year with 31% rise in January sales; Xtreme 200R to hit roads from April 2018

Largest two-wheeler manufacturer Hero Motocorp kicked off the new year with a whopping 31% growth by reporting yet another six-lakh plus sales in January 2018. 
 
A total of 641,501 two-wheelers were sold in January 2018, up by 31% as against sales of 487,088 units, in the same month of previous year. 
 
Ashok Bhasin, Head of Sales, Marketing & Customer Care, Hero MotoCorp, said “Our robust double digit growth in overall two‐wheeler sales has been driven by very strong growth in both Scooters and Motorcycles."
 
"Our cumulative volume for the Financial Year 2018 (Apr’17‐Jan’18) has already crossed the six million sales milestone. We are confident of maintaining our strong growth trajectory and setting a new industry benchmark in sales for the full year,” Bhasin added. 
 
During the month, in line with its enhanced focus on the premium motorcycle segment, Hero unveiled all‐new ‘Xtreme 200R’. 
 
Designed and developed by engineers at the company’s in‐house R&D facility ‐ the Hero Centre of Innovation and Technology (CIT) ‐ the Xtreme 200R will be available for sale across Hero MotoCorp dealerships in the country from April 2018. 
 
However, despite recording good January sales, the share price of Hero Motocorp took hit from investors, as the company was trading at Rs 3621.90, down Rs 112.50 or 3.01% on the BSE, at around 1515 hours.