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Hero Motocorp clocks best ever calendar year

By Niranjan Mudholkar,

Added 04 January 2017

Records sales of 6.76 million units in 2016

Building Capabilities
The Hero ‘Centre of Innovation and Technology' (CIT) in Jaipur, commenced operations in March 2016

Consolidation of Leadership Team
Pawan Munjal re-appointed as company's Chairman, Managing Director and Chief Executive Officer, for a period of five years (effective October 1, 2016)

Appointment of Malo Le Masson as the Head of Global Product Planning

Neerja Sharma appointed as the Company Secretary and Chief Compliance Officer, Hero MotoCorp

New Product Introductions
The first set of in-house designed and developed motorcycles - Splendor iSmart 110 and Achiever 150 - launched in July 2016 and September 2016 respectively

70 million cumulative production mark crossed in September 2016

Highest-ever monthly sales of 674,961 achieved in September 2016

Six-lakh plus sales achieved in four months during the Calendar year 2016  - October (663,153) September (6,74,961) August (6,16,424) and March (606,542)

Record retail sales registered during the festive period; 1 million sales mark crossed even before Dhanteras and Diwali

Augmented leadership in the 125cc motorcycle segment with the ‘Glamour' becoming the largest-selling 125cc motorcycle in the country

Strategic Sports Initiatives
Forayed into motorsports rally racing with ‘Hero MotoSports Team Rally' through strategic partnership with Speedbrain GmbH,

Association with Golf on the global stage further strengthened through association with the British Masters

Title Sponsorship of Caribbean Premier League (CPL) extended for another three year

Hosted Hero World Challenge, a Tiger-Woods Invitational PGA-sanctioned golf tournament in the Bahamas for the third consecutive year.

END

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