MUMBAI, July 29 (Reuters) - Hero Honda Motors , India's largest motorcycle maker, on Thursday reported a 1.6 percent drop in quarterly net profit, below expectations as high raw material costs and other expenses impacted earnings. The company, in which Japan's Honda Motor Corp and India's Hero group hold 26 percent each, reported net profit of 4.92 billion rupees ($105.6 million) from 5 billion a year earlier. Net sales rose to 42.65 billion rupees from 38.11 billion. A Reuters poll of ...
Premium Content (PAID Subscription Required)
"India's Hero Honda qtrly net down 1.6 pct, lags f'cast" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.