When contacted for comments, a Hero MotoCorp spokesperson declined to comment on the product launch programmes of the company. Over six years since separating from Honda, Hero MotoCorp still continues to lead the domestic motorcycle market with over 50 % share. However, in the scooter segment, Hero MotoCorp has just over 12% share. Recently, Honda had reiterated its intention to overtake erstwhile partner Hero MotoCorp and become the top two-wheeler manufacturer in India by 2020. On the other hand, in the motorcycles segment, Hero sold 21,45,491 units as against HMSI’s 6,72,828 units during the period.

Source: Mint August 13, 2017 05:48 UTC