Hero Honda posts 9.1% net growth
Hero Honda increases market share while posting 9.1% net growth amidst the sales slump. Hero Honda's market share has increased by 2% even as the two-wheeler industry is idling under a sales slump.
The country's largest motorcycle maker now commands an increased market share of 56%. The company has achieved 9.1 percent growth in it's net profit for the third quarter ending December 2008. It's revenues have also increased by 4.77 percent compared to same period in the previous year.
Hero Honda Motors, CEO and MD, Pawan Munjal, commented that they expect to maintain the same growth momentum for the fourth quarter. He hopes the second financial stimulus package taking effect in the coming months and easier liquidity for two-wheeler buyers will help Hero Honda end this financial year with a high single digit growth rate.
[Via: Bikeindia]
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