In a relief to two-wheeler major Hero Honda Motors, a tax tribunal has ruled in favour of the company in a case filed by the Excise department for alleged duty evasion to the tune of Rs 2 crore (Rs 20 million).
Atul Sobti, executive director of sales and marketing, Hero Honda Motors Ltd has quit, after completing over seven years in the company.
Hero Honda Motors on Thursday launched a restyled version of the 135cc motorcycle Ambition to further boost sales in the premium motorcycle segment.
Hero Honda Motors, India's biggest motorcycle maker, has scaled up sales target by 20 per cent this fiscal and will launch a motorcycle in the last quarter of 2004-05, a top company official said on Friday.
Hero Honda Motors, India's largest motorcycle maker, on Monday said sales rose 18.3 per cent in October 2004.
Hero Honda Motors on Friday said its motorcycle sales surged by 21 per cent in October 2003 to over 200,000 units from 165,066 units in the same month last year.
Hero Honda Motors on Wednesday said its motorcycle sales have jumped 17.6 per cent in September to 157,583 units, which it plans to increase to over 200,000 units in this month.
India's largest motorcycle maker, Hero Honda Motors Ltd, launched its cheapest 100 cc motorbike yet on Wednesday, hoping to blunt competition from main rival Bajaj Auto Ltd.
India's largest motorcycle maker Hero Honda Motors Ltd said on Thursday it posted a net profit of Rs 581 crore (Rs 5.81 billion) for the year ended March 31.
In a bid to maintain its leadership position in the highly competitive bike market, Hero Honda Motors on Monday said it will invest up to Rs 600 crore (Rs 6 billion) in the next two years to set up a new manufacturing unit even as it gears up to fora
India's largest motorcycle maker, Hero Honda Motors on Wednesday said sales rose 15 per cent in November 2004.
Hero Honda Motors Ltd on Wednesday reported a 20 per cent growth in net profit for the quarter ended June 2004 at Rs 190 crore against Rs 158 crore in the corresponding period last year, buoyed by a 33 per cent surge in motorcycle sales volume.
India's biggest motorcycle maker Hero Honda Motors on Thursday said its sales grew by 23.4 per cent during 2003-04 over the previous fiscal.
Hero Honda Motors, India's largest motorcycle maker, on Tuesday said its net profit grew by 12 per cent to Rs 156.55 crore for the quarter ended September 30, 2003 from Rs 139.84 crore a year earlier.
Hero Honda Motors on Monday said its motorcycle sales grew by 6.1 per cent in August to 145,730 units, from 137,264 units in the same month last year.
Hero Honda Motors, the country's largest motorcycle maker, on Friday said its sales rose by a modest 4.9 per cent in July 2003 to 143,141 units from 136,360 units in the same month last year.
Hero Honda Motors on Friday reported a 13.4 per cent growth in its net profit to Rs 157.82 crore (Rs 1.58 billion) during April-June 2003 as against Rs 139.16 crore (Rs 1.39 billion) for the corresponding period last fiscal.
Bajaj Auto has raced ahead of Hero Honda Motors in terms of market capitalisation following the recent drubbing received by the latter, while the former managed gains in a weak market.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
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