Hero MotoCorp - Auto sales numbers - April 2013 - Angel Broking

Hero MotoCorp (HMCL) registered slightly lower-than-expected volumes in April 2013 with total sales posting a decline of 9.5% yoy to 499,113 units. Considering the ongoing slowdown in the two-wheeler industry the company lowered its dispatches to the dealers in order to prevent unwarranted build-up in inventory.

However, retail sales of the company outpaced the wholesale sales and stood at 550,000 units.

Source : Equity Bulls

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