Society of Indian Automobile Manufacturers (SIAM) has released sales data report. According to the SIAM data, Hero Splendor has beat Honda Activa in sales. One of the most efficient two-wheelers in India – Hero Splendor has registered the maximum number of sales in the world, in third quarter. With more number of registered sales of Splendor in the current financial year, Honda’s Activa had defeated Hero Splendor previously.
In terms of precise numbers, India’s leading two-wheeler manufacturer – Hero MotoCorp was able to sell a total of 5,91,017 two-wheelers in the third quarter of the current financial year. And Honda Active registered 5,69,972 units for the same financial period.
However, sales of Hero Splendor and Honda Activa were affected by Indian Government undertaking – demonetisation. Hero MotoCorp’s Splendor faced 9.4 percent fall in the sales and Honda Activa saw 4.3 percent fall.
Hero MotoCorp’s Head of sales, Mr. Ashok Bhasin stated company’s strategy to tackle to demonetization, “The industry was adversely impacted by poor retail demand in the last quarter because of the lower cash availability and overall economic slowdown in the market, post demonetisation. However, with Hero’s nationwide drive to immediately install and activate POS machines at our retail outlets and several other effective initiatives to enable cashless transactions.”
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