Robust domestic demand pushes two-wheeler majors’ April sales higher

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Mumbai, May 3 (IANS) Two-wheeler majors on Thursday reported healthy sales figures for April 2018 on the back of robust domestic demand.

On Thursday, Hero MotoCorp reported a rise of 16.5 per cent in its monthly sales for April 2018.

According to the two-wheeler major, its sales for the period under review increased to 694,022 units from 595,706 units sold during April 2017.

“With the forecast of a normal monsoon this year and a strong pipeline of new products coming up, Hero MotoCorp is confident of sustaining its growth momentum in the coming months,” the company said in a statement.

Another, two-wheeler major Honda Motorcycle & Scooter India’s (HMSI) total sales including exports grew by 18 per cent to 681,888 units from 578,777 units sold in the corresponding month of last year.

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“Honda2Wheelers India domestic sales breached the 6 lakh mark for the first time ever in April’18. Domestic sales grew 15 per cent from 551,732 units in April 2017 to 635,811 units in April 2018,” HMSI said in a statement.

“Exports too grew by whopping 70 per cent to close at ever highest of 46,077 units.”



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