Eyeing partner Honda's number one spot, two-wheeler market leader Hero MotoCorp will launch three new scooter models by next financial year. When contacted for comments, a Hero MotoCorp spokesperson declined to comment on the product launch programmes of the company. However, in the scooter segment, Hero MotoCorp has just over 12 per cent 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: dna August 13, 2017 05:17 UTC