Hero becomes largest exporter of scooters from India

Hero MotoCorp has narrowly beaten Honda Motorcycle & Scooter India to become the country's largest scooter exporter.

In the fiscal 2014-15, the company exported 79,956 scooters, a massive jump (356.24%) from the 17,525 units it had managed in the previous fiscal. 45,000 of the units exported were to cater to a single order from Sri Lanka. In Q2 an Q3 of FY 2014-15, the company is believed to have given the local demand a back seat in order to meet the export demand.

Honda's exports grew as well from 51,932 units to 77,814. However, it could not match its former collaborators growth rate and has had to settle for second place.

With a total of 15,570 scooters exported, TVS lies in a distant third place. Yamaha is in fourth with 6,271 units. Both companies have recorded substantial growth in scooter exports. Overall scooter exports grew by 117.12%.

Source: Autocar Professional