Hero Honda sales up 30 per cent

The company continued to maintain leadership position in the motorcycle segment with market share of 52 per cent in the last six months and an average 2-wheeler market share of 40 per cent, Hero Honda said. During the last eight months, the company has sold in excess of two lakh bikes four times and had come within striking distance on three occasions. This is despite many recent launches of competitive bikes, it added.

Meanwhile, Hero Honda Motors and its Japanese joint venture partner Honda Motor Co. are expected to renew their ’’licence and assistance agreement’’ on Wednesday.

Hero Honda is owned 26 per cent each by the Munjals and Honda Motor Co., though Honda’s wholly-owned subsidiary Honda Motorcycle Scooter India makes scooters in India since 2001, and is expected to launch a motorcycle too.