Country's largest two-wheeler maker Hero MotoCorp has reported 14 per cent increase in sales at 6,06,542 units in March.
The company had sold 5,31,750 units in March 2015, Hero MotoCorp said in a statement.
In the financial year 2016, Hero MotoCorp sold 66,32,322 two wheelers as against 66,31,826 units in the previous fiscal.
Hero MotoCorp Chairman, Managing Director and CEO Pawan Munjal said: "Closing the financial year 2015-16 with augmented leadership at home and expanded global footprint five years since we commenced our solo journey - is a matter of immense pride and satisfaction for all of us at Hero MotoCorp."
He further added that the industry witnessed mixed fortunes in FY16 with sales looking up in the second half of the year.
"Timely measures by the government and a good monsoon will be essential in sustaining this positive trend. The journey from here promises to be even more exciting as we gear-up to launch our in-house developed products," Munjal added.
The company informed that its top-selling models Splendor, Passion and HF Deluxe, Hero MotoCorp also gained significant traction in the 125cc segment with its Super Splendor and Glamour brands and maintained its leadership in this segment.
"FY16 has been a landmark year for us as we achieved several 'firsts' in our solo journey - launched our in-house developed products, commissioned our first overseas manufacturing facility and began operations at our world class 'Center of Innovation and Technology' at Jaipur," he said.
BW Reporters
The author is Senior Correspondent with BW Businessworld
