The Hindu : Hero Honda sales up

Online edition of India's National Newspaper
Sunday, Mar 02, 2003

Business

Business

Hero Honda sales up

NEW DELHI MARCH 1. Sales of Hero Honda Motors during February rose by 6.4 per cent to 1.35 lakh units from 1.27 lakh units in the same month in 2002.

The February sales were, however, lower by 7.5 per cent as compared to 1.46 lakh motorcycles sold in January this year, a company source said.

Cumulative (April-February 2002-03) sales jumped by 21.1 per cent to 15.62 lakh motorcycles from 12.89 lakh units a year earlier. The company had recently said that it would fall short of its target of selling 1.8 million motorcycles this fiscal by 4-6 per cent due to stagnant demand following drought in various States.

The company expects to sell 1.7-1.725 million motorcycles during the year ending March 31, 2003.

It is, however, expected to cross its revenue target of $1 billion this fiscal.

PTI

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