Hero MotoCorp, which has sold 5 crore bikes and scooters till date, is expecting 12 new launches across segments by 2014. Further, the company working closely with vendors and partners to reduce cost, is looking at hitting 20% EBITDA margins.
Additionally, the company which expects exports to account 10% of total sales by 2017 will launch operations in Peru by September.
Hero MotoCorp, country's largest two-wheeler maker has reported 10.86% decline in its net profit at Rs 548.58 crore for the first quarter ended June 30, 2013 against Rs 615.46 crore for the same quarter last year. Net sales of the company declined by 1.30% to Rs 6,126.84 crore for the quarter under review, as against Rs 6,207.78 crore during the same period of previous financial year.
Company Name | CMP |
---|---|
Bajaj Auto | 8977.75 |
Hero MotoCorp | 4876.60 |
TVS Motor | 2056.10 |
Eicher Motors | 4652.15 |
Atul Auto | 566.15 |
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