Double digit growth expected by Hero MotoCorp for next year

Hero MotoCorp which remains at the top position even after the split up with the Honda company is aiming for a double-digit percentage growth in sales for the fiscal year starting in April. The company with its new innovative and vibrant products is very confident of achieving that target.

. Hero MotoCorp unveiled its first concept hybrid scooter at the 11th Auto Expo in New Delhi. It is expected to create big waves in the Indian automobile industry and hence help the company to achieve its targets.



The reports quoted Managing Director Pawan Munjal as saying "We are very bullish for the company and I believe we will continue to grow in double digits." Rising finance costs and increasing prices have deterred buyers of cars in Asia's third-largest economy in recent months, but boosted sales of motorcycles, used as a vehicle by millions of Indians.

There are number of vehicles standing in queue to be launched and hence the company is confident of their success.