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Is the worst over?

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India’s leading two wheeler manufacturer has come out with double digit growth after a long time. All the two wheeler manufacturers have posted negative sales for more than past 6 months. Hero Honda eported a 15.36 per cent jump in motorcycle sales during March at 3,20,594 units as against 2,77,915 units in the same month last year.The company’s total sales for the financial year 2007-08 marginally increased to 33,37,142 units from 33,36,756 units in the previous fiscal. “The year 2007-08 has seen a leadership performance from us. Despite the industry slowdown, we have been able to manage positive growth thereby taking our share in the domestic motorcycle market upward of 52 per cent,” Hero Honda Managing Director and Chief Operating Officer Pawan Munjal said in a statement. Buoyed by the demand Hero Honda has said it will open its third plant on April 8. Few months back Hero Honda put the idea of building a third plant on hold because of the continued negative sales.  Hero Honda has already announced it will launch as many as 12 new products in the next 18 months.

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