Hero Honda Q2 net up 50% on rising volumes, cost cutting

Hero Honda Motors Ltd, which has about 55 per cent share of the country�s motorcycles market, boosted its net profit by 50 per cent to Rs 306 crore for the second quarter ended September 2008.

The company attributed this performance to the increase in sales volume and by implementing various cost cutting measures. The company�s net sales were up 35 per cent per cent to Rs 3,189 crore.

�Overall the two-wheeler industry has grown. This has been mainly been driven by Hero Honda. We have grown due to a single minded focus on customers and ensuring a fiscal discipline. More
Courtesy: indiacar.net

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