The festival season retails were driven by the strong performance of its popular models across segments, including the 100cc Splendor+ and HF Deluxe, 125cc motorcycles Glamour and Super Splendor and the Xtreme 160R and the XPulse range in the premium segment, it added.
The Glamour model in its BS-VI avatar continues to gain volumes in new markets.
The festive season also witnessed strong customer preference for Destini and Pleasure scooters, resulting in high double-digit growth for the two models, it said.
Hero MotoCorp further said the robust festive season sales helped to reduce vehicle stocks at its dealerships to less than four weeks, the lowest ever post-festive inventory.
On the outlook, the company said the news on rapid development of COVID-19 vaccines is likely to enable a faster rebound of the global economy in the coming months.
"The positive forecast by the International Monetary Fund (IMF) projecting close to double-digit growth for the Indian economy in FY'22 is likely to boost customer sentiments in general and the two-wheeler sector in particular.
"The slew of recent measures announced by the Government should also help accelerate recovery and aid core sectors to rebound fast," it said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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