The domestic two-wheeler market continues to be sluggish; we expect sentiments to remain subdued for the next couple of quarters. Demand in rural markets has been severely impacted due to two consecutive sub-normal monsoons. We may see a positive turn-around towards the second half of the next fiscal if we have a good monsoon and sentiments change in the rural market.
Hero MotoCorp Ltd. (HMCL), the worlds largest two-wheeler manufacturer, today reported the financial performance for the third quarter (OctoberDecember15) of FY16.
Backed by its winning brands, including Splendor, Passion, Glamour, HF Deluxe, Super Splendor and the recently introduced new scooters Maestro Edge & Duet, HMCL reported sales of 16,90,354 units in Q3 FY16.
Hero MotoCorps first completely in-house developed products Maestro Edge and Duet helped HMCL cross the landmark figure 1 lakh scooter despatches in October 2015. The popularity of the scooters also helped in improving the companys scooter market share to over 20% in December 2015.
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