Sequential performance was quite strong. Hero sales grew by 13.2 percent compared to 5.74 lakh units sold in April 2019.
Moneycontrol News
@moneycontrolcom
Hero Motocorp shares rallied nearly 5 percent intraday on June 3 after a better-than-expected May sales data.
The country's largest two-wheeler maker sold 6.5 lakh units in May, down 8 percent against 7.06 lakh units sold in the same period last year.
But numbers were better than Nomura expectations of 6.2 lakh units.
Also, the sequential performance was quite strong. Hero sales grew 13.2 percent compared to 5.74 lakh units sold in April 2019.
In May, Hero Motocorp launched three new motorcycles including the highly anticipated XPulse 200, the XPulse 200T and the Xtreme 200S, the company said in its filing.
Apart from the three premium motorcycles, the company also launched two new scooters – Maestro Edge 125 and Pleasure+ 110, it added.
The stock was quoting at Rs 2,805.40, up Rs 124, or 4.62 percent on the BSE, at 1018 hours IST.First Published on Jun 3, 2019 10:57 am
