Hero MotoCorp completes brand migration on all motorcycles: Sales decline by 26 percent
Hero MotoCorp registered sales of 404,787 units in the month of September 2012. in September 2011, Hero sold 549,625 units, thereby registering a decline in…
Hero MotoCorp registered sales of 404,787 units in the month of September 2012. in September 2011, Hero sold 549,625 units, thereby registering a decline in sales of 26%. The dip in sales was due to the market conditions as also the rising fuel prices. However, with the dawn of the festive season, the company is looking on capitalizing and boosting its presence in the auto market.
Apart from national markets, the company has decided to put forth a full fledged global expansion by launching its products in the Sri Lankan and Nepal markets. ABANS group and NGM have been shortlisted by the company to sell these products in their respective locations. HMCL has been successful in completing the migration of its brand to ‚ÄėHero‚Äô. Now, the entire line of products sports the ‚ÄėHero‚Äô brand.¬†Hero MotoCorp formed alliance with an Italian design firm for the use of futuristic design of Hero models in the near future.
Commenting on the sales performance,¬†Mr. Anil Dua, Senior Vice-President (Marketing & Sales), Hero MotoCorp Ltd¬†said, ‚ÄúThe sales number of September reflects the prevailing market sentiment in the automobile industry. The upcoming festive season is expected to improve the overall disposition of the market, and we expect the industry to get back on the growth path with the festive season demand coming in. We have a comprehensive marketing and customer engagement plan lined up for the festive season in October and November, and have also ensured there is sufficient stocks across dealerships to meet the expected market demand.‚ÄĚ
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Auto News Release
HERO MOTOCORP SELLS 4,04,787 UNITS OF TWO-WHEELERS IN SEPTEMBER 2012
BEGINS THE GLOBAL FORAY OF BRAND ‚ÄúHERO‚ÄĚ WITH LAUNCHES IN SRI LANKA¬†& NEPAL DURING THE MONTH
COMPLETES THE BRAND MIGRATION TO ‚ÄúHERO‚ÄĚ ON THE ENTIRE PRODUCT¬†RANGE IN SEPTEMBER
New Delhi, October 01, 2012: Hero MotoCorp Ltd (HMCL), the world‚Äôs largest two-wheeler manufacturer, sold 4,04,787 units of two-wheelers in the month of September 2012. HMCL had sold 5,49,625 units in the corresponding month last year.
September was an action-packed month for HMCL, when the company embarked on a new global journey by launching brand ‚ÄúHero‚ÄĚ and its range of two-wheelers in two neighboring countries – Sri Lanka and Nepal.¬† The ABANS Group and NGM have been appointed by HMCL to market its two-wheelers in Sri Lanka and Nepal respectively.
Hero MotoCorp has also completed the process of brand migration of its models from the erstwhile joint brand to the new ‚ÄúHero‚ÄĚ brand. The company‚Äôs entire product range now sports the new ‚ÄúHero‚ÄĚ brand. HMCL is also making all-round investments in all the new launches – Maestro, Ignitor and Impulse – in terms of augmenting production capacity, investing in communication and running on-ground activation.
The month of September also saw Hero MotoCorp forming yet another global alliance – with renowned Italian two-wheeler design firm ‚ÄúEngines Engineering‚ÄĚ. The new partner would impart technological know-how in terms of superior designing for the future products to be launched by HMCL. This tie-up comes close on the heels of HMCL‚Äôs two strategic alliances forged earlier this year – one with the US-based Erik Buell Racing (EBR) for cutting-edge technology and the other with Austria-based AVL to build its internal capabilities for engine development.