Hero Honda posts Rs 500 crore profit for April-June
Hero Honda, India’s largest two-wheeler manufacturer, has reported a net profit of Rs 500.1 crore for the period April-June 2009, an 83% increase over the profit for the corresponding period in 2008. This increase in profit is, according to the company, on account of lower input costs and better sales figures.
Hero Honda’s sales for April-June 2009 amounted to Rs 3,811 crore, a 34% increase over last year’s figure. Gross profit stood at Rs 604.5 crore, a 97% increase over the figure reported in the year-ago period.
With Bajaj Auto lagging far behind at a distant second spot, Hero Honda is currently the undisputed no.1 two-wheeler manufacturer in India. The company is expected to launch a new ‘premium’ motorcycle - the Karizma ZMR - in the domestic market over the next few weeks, with which it hopes to take on bikes like the Bajaj Pulsar 220 DTS-i and the Yamaha R15.
[Via: indiaautomotive]
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