Shares of Hero Motocorp gained 3.6 percent intraday Thursday on strong sales growth in festive season.
Hero’s retail sales crossed record 10 lakh units during 35-day festive period starting with Navratras, clocking 11 percent growth over last year.
The country’s largest two-wheeler manufacturer says two new scooters – Maestro Edge and Duet – have been blockbusters and there has also been phenomenal demand for new Splendor PRO. “These, along with robust sales of Passion PRO and Glamour bikes, and continuing popularity of Pleasure and Maestro scooters have resulted in double digit growth,” it added.
At 10:50 hours IST, the scrip of Hero Motocorp was quoting at Rs 2,658.10, up Rs 86.25, or 3.35 percent on the BSE.