India Hero Honda Q2 net jumps, sales beats rivals

Newswire

NEW DELHI, Oct 14 (Reuters) - India's biggest motorcycle maker, Hero Honda Motors Ltd. , reported a 24.2 percent rise in quarterly profit on Thursday as sales surged in the world's largest bike market after China.

The automaker, which has a 54 percent share of the nearly five million units-a-year Indian market, said it had a net profit of 1.94 billion rupees ($42.3 million) in the second quarter ended September 30, up from 1.547 billion a year earlier.

A Reuters poll of ...

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