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Hero MotoCorp establishes separate division for spare parts: Report

05 Aug 2013 Evaluate

Hero MotoCorp, country's largest two-wheeler maker has reportedly established separate divisions for international business and spare parts as part of a widespread toplevel restructuring. With this initiative, the company aims to gain its lost market share in the domestic market and boost exports. This will also help the two wheeler maker to concentrate separately on both domestic as well as international businesses.

The company's total income for the quarter has been recorded at Rs 6,271.78 crore. It has reported 5.95% decline in total sales at 5, 02,279 units for June 2013 as against 5, 34,091 units sold in the same month last year.

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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