Hero MotoCorp reported a fall of 1.96% in whole sales at 6,17,215 units in February compared to 6,29,597 in February 2018.

In the first two months of the current quarter, there has been a regular pickup in the sale, although still weaker than expected, the company told in a press note after markets hours to the exchanges on Friday.

In order to give impetus to the market, Hero MotoCorp is set to start a slew of new products–including scooters and premium motorcycles – in the coming months, the company continued.

The company expects the demand situation to better also on account of improved liquidity in the market through government policy of direct advantage to farmers and many measures taken by manufacturers to increase retail sales.

The demand increase can further be stimulated if the GST rate on two-wheelers is decreased to 18% from the present 28%.

Hero MotoCorp Ltd’s share price closed at Rs2,681.90, up by Rs46.95 or 1.78%, from its early close of Rs2,634.95 on the BSE.