Mumbai, Jun 2 (UNI) Two-wheeler Major, Hero MotoCorp today reported a 2.32 percent increase in sales at 5,83,117 units in May as compred with 5,69,876 units sold in May 2015.
Market demand was expectedly subdued in May, due to heavy retail offtake that happened in April on account of marriage season and regional festivals in different parts of the country during that month, company said in filing with BSe.
"However, a good monsoon after two consecutive years of sub-normal rains could lead to a change in sentiments in the rural markets, which may lead to a positive turn-around in the industry in the second half of this fiscal," filing added.
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