Hero, Honda and Bajaj record new highs in FY2016-17  

Most of the prominent two-wheeler manufacturers have posted record sales as the last month of FY2016-17 came to end in the midst of rampant sales of BS III-compliant stock. Although the impact of the last minute clearance sale (of BSIII 2Ws on March 30-31) on the OEMs’ monthly records remains unclear, the industry has indicated that it has managed to sell off the majority of its BS III inventory by offering heavy discounts.

FY2016-17 brought many accolades for the two-wheeler industry including the individual achievements by major players. For example, Hero MotoCorp, India’s largest two-wheeler manufacturer, has registered its ...