Hero MotoCorp eyes more speed from global markets as two-wheeler sales zoom

Spike in crude oil prices, recovery local currencies drive sales in markets abroad; Firm's Bangladesh sales up 194% in FY18, Argentina up 252%

Having clocked double-digit volume growth last year, two-wheeler major Hero MotoCorp is expanding focus in its international operations. With the spike in crude oil prices and recovery in value of local currencies, many overseas two-wheeler markets are seeing an increase in demand. The global business had registered a volume decline of 14 per cent during FY17.

In FY18, the company sold a total of 204,484 two-wheelers in overseas markets, growing 12 per cent over the previous year. Hero’s growth in global sales in FY18 is also a reflection of the gradually improving economies in several markets around the world.

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