Hero MotoCorp sales up 8.67 per cent in July

Hero MotoCorp, India's largest two-wheeler maker, has reported a 8.67 per cent increase in its total sales at 5,29,862 units in July.

It had sold 4,87,545 units in the same month last year, Hero MotoCorp said in a statement.

During July, Hero MotoCorp become the first Indian two-wheeler maker to have a manufacturing facility in Latin America, where it has set up its wholly-owned subsidiary in Colombia 'HMCL Colombia SAS'.

"All the recent launches by the company, including the new Xtreme, Karizma and ZMR are driving volumes across market," Hero MotoCorp said. It has also recently commenced the dispatch of its new bike 'Passion pro TR' to some market and would be available in all dealerships within next few weeks.

Hero MotoCorp has also extended the tenure of its CFO, Ravi Sud, for another two years, up to July 31, 2016.