Hero Motocorp sales rise marginally, stock weakens

Hero Motocorp, the leading two-wheeler manufacturer, on a year-on-year basis, recorded a slight increase of 0.82% in November sales.

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Hero MotoCorp sold 6,10,252 units in the same month of 2018 as compared to 6,05,270 units in November 2017. Earlier, in October, the company’s sales were up 16.4% on a year-on-year basis. In October, Hero MotoCorp sold 7,34,668 vehicles.

Significantly, the highest monthly sale of Hero MotoCorp is 7,69,138 units in September 2018.
On the other hand, Hero MotoCorp’s share of shares fell to Rs 3,018.05 in the business so far at Rs 3,070.00, compared to the previous closed level of Rs 3,058.20. Nearly 11 a.m., Hero MotoCorp’s shares have gained Rs 28.45 or 0.93% to Rs 3,029.75.

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