India Hero Honda Q4 net jumps 53 pct, beats f'cast

Newswire

MUMBAI, April 24 (Reuters) - India's top motorbike maker, Hero Honda Motors, on Thursday reported a better-than-expected 53 percent rise in quarterly net profit, as higher sales of premium bikes helped offset firm interest rates and pricey raw materials. Hero Honda , in which India's Hero Group and Japan's Honda Motor Co each hold 26 percent, has about half the Indian market for bikes, the world's biggest after China. New Delhi-based Hero Honda said net profit rose to 2.99 billion rupees ...

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