Hero MotoCorp total sales drop 11 per cent in March

Total sales of Hero MotoCorp declined 11.36 per cent at 4,68,283 units in March, the country's largest two-wheeler maker said in a statement on Monday.

The company had sold 5,28,290 units in the same month last year, it said.

For the entire 2012-13 financial year ended yesterday, the company's sales went down by 2 per cent to 61 lakh units, from 62 lakh units in FY'12, it added.

"Indian auto industry faced acute slowdown in FY'13. It continues to reel under the adversities of persistent inflation, firm interest rates, rising fuel prices and negative consumer sentiment," said Anil Dua, Hero MotoCorp's senior vice president of marketing and sales.

All these factors have adversely impacted the growth of the industry and the company's sales volumes, he said.

"Going forward, we have planned new launches, new campaigns, capacity addition and network expansion to boost the sentiment of the domestic industry and accelerate growth. In the new financial year, we will also commence our international operations in several new markets to work towards our global vision," he added.