Vehicle manufacturer Hero MotoCorp has released its sales report for July 2019. The company has sold a total of 5,35,810 bikes in June 2019. Compared with July 2018, the company sold a total of 6,79,862 units this month. Hero sales have fallen by 21 percent compared to the previous year. Earlier in June 2019, the company had sold a total of 616,526 bikes. However, the company's sales declined by 12.49 per cent during the period as compared to June 2018. Let's know the full details
For your information, Hero MotoCorp has sold more than 6 million bikes twice in a row this year. In fact, the auto sector has been experiencing a steady decline since the beginning of this year. Most bike and car companies are witnessing a steep decline in sales. There are several reasons for the decline in the auto sector. These include uncertainty about the economy and monsoon, high interest rates and BS-6 norms.
Hero has recently launched four new products in the Indian market. These include the new Pleasure 110 ranging from XPulse, Xtreme 200S, Maestro Edge 125. In addition, Hero Splendor has become India's first BS-6 certified bike. Hero MotoCorp's Hero Splendor iSmart has been given BS-6 certification from the International Centre for Automotive Technology (ICAT) after testing. The BS-6 compatible Hero Splendor iSmart has been designed and developed at the company's Jaipur Centre for Innovation and Technology (CIT). Any manufacturer will be required to be certified by Indian agencies such as ICAT, ARAI and GARC for BS6 certification. The Delhi Ex-showroom price of Hero Splendor iSMART + IBS drum brake alloy wheel variants is 56,280.
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