Hero Honda

Hero Honda declares interim dividend at Rs 70 per share

Hero Honda declares interim dividend at Rs 70 per shareUnder a step targeted to give joy to investors, the biggest two-wheeler producer in the nation, Hero Honda Motors Ltd declared on Wednesday a 3,500% dividend or Rs 70 for each equity share having face value Rs 2 to its shareholders. For this, the expected expenditure for the company is Rs 1,500 crore.

HMSI Wants to Expand Bike Sales in India

HMSI Wants to Expand Bike Sales in India

HMSI (Honda Motorcycle & Scooter India) is not rushing to grab share in the market, despite the competition of Hero Honda Motors. Currently, HMSI is only a little over 25% of the size of Hero Honda, the well known leader in the market of entry level bikes in India.

Decline in the profits of Hero Honda in Q3

Decline in the profits of Hero Honda in Q3

On Wednesday, the country’s largest two-wheeler maker, Hero Honda posted a 20 percent decline in its net profit for the third quarter due to the rise in raw material cost. There was a decline to Rs. 429 crore in the net profit for the quarter, last year in the same period it was recorded at Rs. 535.77 crore.

There was soar in raw material cost by 50 per cent to Rs. 3,239.49 crore. In this quarter, the other expenditures have also risen to Rs. 614.14 crore.

Shares of Hero Honda jump by 8%

Shares of Hero Honda jump by 8%

The Asian stock market, opened on a negative note on Monday with most indices having a red sign.

The major, reason for their being on the flipside was the tension in Korean region, as UN's effort for any kind of settlement failed and the regions of North and South Korea continued to threaten each other, another reason for the red sign being the woes of economy of Europe's sovereign debts.

Hero Honda: earnings slew by 15 per cent

Hero Honda: earnings slew by 15 per cent

World’s prevalent two-wheeler manufacturer Hero Honda Motors failed to spot analyst approximation on Friday, reporting the largest plummet in quarterly earnings in just about three years because of the elevated expenditure on raw materials.

The firm expressed that the net earnings slither by 15 per cent to Rs 507 crore in the subsequent quarter closing by September 30, in spite of selling a quarterly record of 12,85,944 two-wheelers in the phase.

Hero Honda posts a 16% increase in sales in June

Hero Honda posts a 16% increase in sales in June

The largest producer of motorcycles across the globe for the past nine years, Hero Honda has recently reported that the company has been able to file a 16% rise in its sales in the Indian market for the month of June this year.

Notably, according to the recently released figures by the company, 4.26 lakh units in June, registering a 16 per cent growth over the corresponding month last year.

However, its arch rival Bajaj Auto has been on a high and the company has posted a 63% growth in its sales recently for the month of June.

Hero Honda relying on training

Hero Honda relying on training

The Gurgaon plant of the market leader in the two-wheelers segment, Hero Honda has been relying heavily on the training factor to ensure its success in the Indian market.

For the uninitiated, the Gurgaon plant stands for close to 1.8 million bikes a year that is contributing a significant chunk to the company's overall tally of 5.4 million units, the plant that works on three assembly lines, produces over 6,000 motorcycles a day, or a bike every 19 seconds.

Hero Honda announces a price hike

Hero Honda announces a price hike

Hero Honda is running on a highway as far as its monthly unit sales are concerned. However, the company has recently announced a price hike in its portfolio which will take up the prices by up to Rs 1,000 with immediate effect due to rising input costs.

Hero Honda Senior Vice-President (Marketing and Sales) Anil Dua said that the company hasn't announced any price hike since August 2008 even after the commodity prices were shooting up and as the burden is increasing, the company has decided to partially pass on the burden to the consumer.

Bajaj takes on Hero Honda

Bajaj takes on Hero Honda

After the announcement of the fourth quarter financial results, now Bajaj Auto is all set to upset Hero Honda. Bajaj Auto has registered a net profit of Rs 529 crore for the fourth quarter that ended in March 31, 2010. This net profit figure has been enhanced by almost four times for this quarter against the same quarter in the preceding year.

The firm has also regained its lost market share in the Indian Auto market. Although Hero Honda is still in the number one position, it is not safe at all in present context.

Baja takes on Hero Honda

Baja takes on Hero Honda

Bajaj Auto, the number 2 player has regained its lost market share in the last few quarters, but the challenge remains, denting Hero Honda's leadership. Bajaj has sold over five lakh units , with the launch of the Discover 100 cc nine months ago , which has helped the company regain crucial market share. Due to the fact that motorcycles, HMSI's outlook on its sales have about 78 percent market share among two wheelers and is a faster growing segment.