HERO MOTOCORP LTD
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BSE Code:
500182
NSE Code:
HEROMOTOCO
Business Profile
Business Profile
Hero Honda Motors (HEROHONDA) was formed in 1983 when the Hero Group of India and Honda Motor Company of Japan inked their joint venture. The company is a pioneer in India`s motorcycle industry. Hero Honda has built two manufacturing facilities at Dharuhera and Gurgaon in Haryana. The vehicles are sold and serviced through a network of over 2,400 customer touch points, consisting of a mix of dealers, service centers and stockists across rural and urban India,
In 2005-2006, the company made its debut in the scooter market with a 100 cc offering aimed at women commuters and homemakers and also launched new engine platforms in 125 cc and 150 cc categories. The company`s bikes are exported to Sri Lanka, Bangladesh, Columbia, Burundi and Nepal.
The company in April 2007 launched a face-lift variant of its 150 cc motorcycle Achiever priced between a range of Rs 52,650 to Rs 54,950 (ex-showroom Delhi).
The company has a host of joint ventures which looks after basic inhouse requirement of technology and components. Munjal Showa was formed in technical and financial collaboration with Showa Corporation of Japan to design, develop and manufacture front forks, shock absorbers, struts and gas struts. Sunbeam Auto is a piston manufacturing facility in technical collaboration with Honda Foundry Company of Japan. Munjal Auto Industries, a joint venture with the state-owned Gujarat Industrial Investment Corporation to cater to the needs of the overseas market.
Financials
The company announced a substantial rise in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company rose 34.64% to Rs 4,021.70 million from Rs 2,987 million in the same quarter previous year. Net sales for the quarter rose 22.35% to Rs 34,118.40 million, while total income for the quarter rose 21.53% to Rs 34,560.80 million, when compared with the prior year period. It reported earnings of Rs 20.14 a share during the quarter, registering 34.63% growth over previous year period.