India's Hero Honda Q2 net down 15 percent

Newswire

MUMBAI, Oct 29 (Reuters) - Hero Honda Motors , India's top motorcycle maker, on Friday reported a 15 percent drop in September quarter profit. The New Delhi-based firm, in which Japan's Honda Motor Co and India's Hero group hold 26 percent each, reported standalone net profit of 5.06 billion rupees ($114 million) for its fiscal second quarter ended September from 5.97 billion a year earlier. Net sales rose to 45.11 billion rupees from 40.40 billion. ($1=44.4 rupees) (Reporting by ...

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