India's largest two-wheeler manufacturer, Hero MotoCorp has announced its expectations of witnessing a boom in its sales record in the festive season

Thursday 06 September 2012, 11:26 AM by

India's largest two-wheeler manufacturer, Hero MotoCorp has announced its expectations of witnessing a boom in its sales record in the festive season this year after facing some dwindles in the past months. Expressing these sentiments on the sidelines of ACMA's annual convention, the Managing Director and CEO of company, Pawan Munjal quoted, “Going forward, I am personally very hopeful and pretty sure that from the month of October, when the festive season begins, we will see a positive push in the retail sales.”

According to him, the slowdown in the two-wheeler industry has impacted on the overall growth of the country's economy. On this he said, “Thankfully this has happened in the two-wheeler industry much later then the rest of economy. For the month of July and August, the retail sales have been slow.”

In the monthly sales of August 2012, Hero MotoCorp registered a fall of 11.88 per cent with its overall sales standing at 4,43,801 units. On the other hand, he affirmed that the company is quite optimistic on the anticipated demand, which will generate in festive period this year and is all prepared to meet the surge in volumes.

Stating that the company has sufficient stock, he said, “I am also in a way glad that we managed to put out stocks in the market for the festive season. Normally it is not easy for us to give the kind of supplies that the market requires during the festive season.”

According to Hero MotoCorp, the tenure between October and Diwali should be quite lucrative for the company, since decent sales are expected. Stating his views about the sales performance for the whole fiscal, Munjal said that the company will first watch the movement of sales chart in festive season. And after the end of festivities it will further comment on what is planned for the whole financial year.

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