UPDATE 2-Hero Honda Q3 net rises 20 pct as margins improve


(Adds comments, closing share price) By Rina Chandran MUMBAI, Jan 30 (Reuters) - India's top motorcycle maker, Hero Honda Motors Ltd., posted on Monday a better-than-expected 20 percent rise in profit on robust sales and said it expected to maintain the higher margins it had enjoyed last quarter. Hero Honda , known for its sturdy fuel-efficient bikes, has driven a boom in India's $4 billion market of nearly 5 million bikes a year, fuelled by cheap loans, rising incomes, new models and ...

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