UPDATE 1-Hero Honda Q3 net up 20 pct as margins improve

Newswire

(Adds detail, share price) MUMBAI, Jan 30 (Reuters) - India's top motorcycle maker, Hero Honda Motors Ltd. , posted on Monday a better-than-expected 20 percent rise in quarterly profit on robust sales in the world's largest bike market after China. Hero Honda, known for its sturdy fuel-efficient bikes, has driven a boom in the $4 billion Indian market of nearly 5 million bikes a year, fuelled by cheap loans, rising incomes, new models and a shift in consumer preference to motorbikes from ...

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