Hero Honda sees double digit growth volume growth

Newswire

NEW DELHI, May 30 (Reuters) - India's top motorcycle maker, Hero Honda Motors Ltd. , said on Tuesday it expects double-digit volume growth in the fiscal year to March 2007. But Hero Honda, which on Tuesday posted a 29 percent rise in quarterly profit, said operating margins would be under pressure. "Operating margins in the current fiscal are going to be under tremendous pressure because of steeply rising input prices," Managing Director Pawan Kant Munjal told a news conference.

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