Hero Moto corp News: Hero Honda announced last year that they would split their 26-year partnership with Honda engines, the shock waves were felt all over India. Within days, stock prices dropped significantly from about 2200 to 1600 and held it until there is a deteriorating historic lows in recent times from 1390 February this year.
But we fall, get up. Held motor corp, led by Munjal, has shown remarkable signs of recovery. In its first quarter, excluding Honda Motors, July-September 2011, they have posted a record high profits and their stock prices are now well above today from 2100th
The real test of motor corp Hero is beyond 2014, which, if they have to get their own technology in their motorcycles and motor-scooter started. Mr. Mahantesh Sabarad, analyst, Fortune Equity Brokers India Ltd, said: “Hero for technology is covered by 2014, they must also give to their own survival is Hero must increase, because the competition is not only Bajaj and TVS, but. their previous partner Honda, which can be a potentially major competitors. ”
From now hero corp motor are expected to increase sales by over 27% for the month of October 2011 to register. Mr. Ravi Sud, CFO, Hero motor corp said: “We are working on de-bottlenecking and expansion of our facilities you will be working in three shifts from next year after a few quarters, we can have 7 million plus capacity… We are producing 8,000 per day at Haridwar – the plan, this one days to 9,500 over the next 6 months “.
Held motor corp standing on the edge of the start pulses. At that Mr. Anil Dua, Senior Vice-President, Marketing & Sales, said: “The figures for pulses this month will be relatively small, as we just on Monday launched and it is a new category, we are not targeted a niche market and. saw good volumes at a good price -. thinking (sales) of several hundred, at least 1,000 per month ”
Tags: bajaj, hero honda, honda engines, honda motor, honda motors, india, launch, motor scooter, motorcycle, motorcycles, New, new category, niche market, own technology, pulses, ravi, senior vice president, senior vice president marketing, shock waves, stock prices, vice president marketing