Sharemasterindia.com: Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI) on Tuesday trumped its partner-turned-rival Hero MotoCorp in Dhanteras sales, sources told NDTV.
HMSI, which is expanding its footprint across the country, sold 1.65 lakh two-wheelers on October 21, sources said. Hero MotoCorp, India’s biggest two-wheeler maker, managed to sell 1.5 lakh units on Dhanteras, the company said in a statement to the Bombay Stock Exchange.
Hero MotoCorp said its sales grew 40-50 per cent over previous Dhanteras. Strong growth in Dhanteras sales triggered buying in auto stocks today. The auto-sub index on the BSE jumped nearly 2 per cent as compared to a 0.8 per cent gain in the broader Sensex.