Hero MotoCorp market fell down by 0.83% to Rs. 2,810.85 after company announced a decline in sales by 0.4% to 5.58 lakh units in January 2015. The announcement was made by the Hero MotoCorp after the market hours this Monday.
Over the past one month, the company has not performed well in the market. Today, the shares were high with an amount of Rs. 2,885.85 and low with 2,793.60 INR. However, the record high for the company was in the month of December when the value went as high as 3,271.80 on 1st December 2014 and since then company has been on a constant degrade.
Hero MotoCorp has seen a total downgrade of 6.98% compared to an uplifting of 4.43%. Company has a large-cap equity capital of nearly 39.94 crores, and the underperformance has been put on the head of transporters’ who went on a strike for two days.
However, as earlier reported, the rival company Yamaha India registered an increment of 21 percent in the sales of January 2015. As per the reports, the company recorded a sale of nearly 40,000 units, which was previously limited to only 32,534 in the corresponding time of January 2014. The company had even more sales in the by the year-end, registering more than 44,000 units in the month of December 2014.
“The incessant growth reinforces our belief in our business and strategic outlook. We are happy with our gradual growth and are extremely positive about 2015 with our new launches and innovative customers connect programs. Leveraging on the same, we will garner major sales and will be able to post some record numbers in the coming months. Upbeat about the future, we are eager to replicate and improve upon our last year’s achievements in 2015 too,” said Roy Kurian, vice president, sales and marketing, Yamaha Motor India Sales Pvt. Ltd.Tags: hero, hero motocorp, India