Hero MotoCorp has reported results for first quarter ended June 30, 2014.
The company’s net profit has increased marginally by 2.58% at Rs 562.76 crore as compared to Rs 548.58 crore for the quarter ended June 30, 2013. Its total income rose 14% to Rs 7149.59 crore for the quarter under review from Rs 6271.78 crore for the corresponding quarter of the previous year.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
