Hero Honda December sales dip

January 1st, 2009 - 9:51 pm ICT by IANS  

New Delhi, Jan 1 (IANS) The country’s largest two-wheeler maker Hero Honda Motors (HHML) reported a 10.2 percent dip in its sales for December, selling 215,931 units.The company had sold 240,532 two-wheelers in December 2007.

Hero Honda, however, managed to post a 9 percent growth for 2008 calendar year, selling 36,08,220 scooters and motorcycles, as compared to 33,09,051 units in 2007.

“We are happy to close the year with 9 percent growth, coming as it does in particularly trying economic conditions,” the company’s senior vice-president of sales and marketing Anil Dua said in a statement.

Dua said the stimulus package announced by the government Dec 7 has brought some relief to the two-wheeler industry, but added that the sector “might see further slowdown if the high two-wheeler financing rates and liquidity crunch continue”.

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