Hero Honda, India's leading two wheeler manufacturer has posted its first quarter financial results. Net profit is up by an unprecedented 13 per cent to Rs.557.89 crores. Total Income has increased by 32.68 per cent to Rs.5,771.74 crores.
Hero Honda sales during the first quarter between April and June was 15,29,577 units, marking an increase of 23.95 per cent from 12,34,039 units in the corresponding period last year.
Hero Honda Managing Director and CEO, Pawan Munjal, said: “Our Q1 performance has set the outlook for the coming quarters and we are confident of achieving our initial guidance for FY"12 to sell over six million units."
Hero Honda continues to build a new brand identity, invest in research and development and explore global markets. The company is also completing its fourth manufacturing plant in India.
Hero Honda is expanding its activities in rural markets aggressively. It is planning to increase the number of showrooms across the country. The company is also exploring markets in Latin America, Africa and South East Asia.