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Hero MotoCorp reports 27% rise in November sales

02 Dec 2011 Evaluate

Hero MotoCorp, country's largest two-wheeler maker reported jump of 27.39% that is its highest-ever sales for November at 5,36,772 units against 4,21,366 units in the same month last year. The company has been maintaining five-lakh-plus sales since August 2011, when it launched its new brand identity.

The company plans to continue with its strategy of regular new launches and network expansion.

The two-wheeler maker’s net profit for the quarter ended September 30, 2011 has registered growth of 19.39% at Rs 603.62 crore as compared to Rs 505.60 crore for the corresponding quarter of the previous year. Its total Income has increased by 27.62% at Rs 5909.07 crore for the quarter under review from Rs 4630.30 crore for the similar quarter of the previous fiscal.

Peers
Company Name CMP
Bajaj Auto 11340.00
TVS Motor Company 4160.00
Hero MotoCorp 5353.00
Eicher Motors 7355.00
OLA Electric Mobilit 38.50
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