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Hero MotoCorp to set up state-of-the-art R&D centre in Rajasthan

25 Jul 2012 Evaluate

Hero MotoCorp, India's largest two-wheeler manufacturer is planning to set up an integrated state-of-the-art research and development centre in Rajasthan. This center will be spread over 250 acres at Kukas in Jaipur and will be the largest two-wheeler R&D centre in the country.

On the standalone basis, the company has posted a rise of 10.32% in its net profit at Rs 615.46 crore for the quarter ended June 30, 2012 as compared to Rs 557.89 crore for the same quarter in the previous year. Total income has increased by 9.95% at Rs 6247.28 crore for quarter under review as compared to Rs 5681.73 crore for the quarter ended June 30, 2011.

Peers
Company Name CMP
Bajaj Auto 10905.00
TVS Motor Company 4485.00
Hero MotoCorp 5530.00
Eicher Motors 7666.00
OLA Electric Mobilit 34.22
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