Country’s largest two-wheeler maker Hero Honda on Tuesday virtually ruled out cutting prices, saying it was unlikely that such a step would spur demand.
Reacting to Finance Miniter P Chidambaram’s call to various industries to lower prices to stimulate consumption, Hero Honda Motors Chairman Brij Mohan Lall Munjal said, “Price cuts are unlikely to spur demand.” […]
Two-wheeler maker Hero Honda Motors has entered into an agreement with Andhra Bank to offer financing support for buyers of their products.
The motorbike company plans to take advantage of the large network of bank branches.
Of the 1,389 branches, the bank has 980 of them in Andhra Pradesh.
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Courtesy: indiacar.net
Taking a cue from passenger car market leader Maruti Suzuki India (MSI), a host of automobile majors like Mahindra & Mahindra (M&M), Honda Siel, Eicher and Hero Honda are mulling a price hike. According to auto industry sources, the reason this time too is rising steel prices.
Auto companies say the recent softening of commodity prices […]
ULJK Securities remained positive on Hero Honda Motors at the current market price of Rs 810.
The analysts at ULJK say that Hero Honda`s revenues were up 35.6% to Rs 3,2020 million in the second quarter, on account of increased distribution network, increased product line. During the quarter, the profit of the company rose 49.90% to […]
Bucking the market slowdown, motorcycle major Hero Honda posted its highest net profit in five quarters with a 50% increase in profit after tax at Rs 306.3 crore for the quarter ended September 30, 2008.
This is up from Rs 204.3 crore in the same period of the previous year and has crossed the earlier high […]
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 […]
Aiming to cash in on the festive season sales, country’s largest two-wheeler maker Hero Honda today unleased four new variants of its existing models with a target to sell about 6 lakh units during this period.
The company on Sunday rolled out self start versions of 100cc bikes Passion, (Passion Pro Power Start) and Splendor NXG […]
Country’s largest two-wheeler maker Hero Honda on Tuesday said production at its Dharuhera plant, which was stopped yesterday due to workers’ strike, resumed this morning.
“Our plant at Dharuhera has resumed normal operations today,” the company said in a statement.
“As a precautionary measure, we had kept the plant closed for a day on Monday, after a […]
Electric two-wheeler companies like Ultra Motors and Hero Motors have slashed prices of their vehicles in the range of Rs 8,000-9,000 as the Delhi government has offered a 15 per cent subsidy on the sales price and a 12.5 per cent waiver on VAT.
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Courtesy: www.indiacar.net