Hero Honda reports flat growth in Oct sales

Hero Honda Motors Ltd. said that its sales for October increased marginally to 354,156 units from 352,449 units sold in the corresponding period last year. Hero Honda registered a more than 3% growth in retail sales during the festival period (first day of Navratras to Diwali) over what it calls "the exceptional record retail sales" clocked during the same period last year. "We are happy to have clocked this healthy sales number in October given the large base of the previous year. It comes on back of a record retail sales achievement during the just-concluded festival season," Sr Vice-President (Marketing & Sales) Anil Dua said.