Hero Honda registered a growth of 12 per cent

By vicky.in

Published: Friday, July 30, 2010, 18:23 [IST]

Hero Honda Motors has registered a highest-ever quarterly sales of 12 lakhs and with the steady growth, the company's total turnover is Rs. 4296.61 crore. During the same quarterly period last year, Hero Honda registered a turnover of Rs. 3829.16.

Hero Honda, continue to remain as the unbeaten King in the two-wheeler sector, selling 4.35 lakh units in May and more than 4 lakh sales in June.
According to Pawan Munjal, MD & CEO, Hero Honda Motors Ltd said that the first quarter sales have been a record quarter for the company with highest-ever numbers and Hero Honda could have done better but for the short supply of some components. On the other hand, it was a challenging quarter for the bottom line due to the rise in commodity prices.

Switching over to the new emission norms also added to the expenditure, even as Hero Honda witnessed substantial increase in input costs in the first half of the quarter. Hero Honda' CEO also said that in the future, Hero Honda will strive to match the raising demand of its products. Also, the company is ramping up production in existing plants to meet the demand.

Article Published On: Friday, July 30, 2010, 17:32 [IST]

Read more on: #automobile #hero honda #two wheeler

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