MoneyWorks4Me

Hero MotoCorp to cuts price of product portfolio maximum of Rs 4500

19 Feb 2014 Evaluate

Hero MotoCorp decided to price cut across product portfolio ranging from 2% going up to 5% with the maximum reduction being Rs 4500. The company decided to pass on the entire benefit of the excise duty cut to customers.

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.

Peers
Company Name CMP
Bajaj Auto 9787.00
TVS Motor Company 3865.00
Hero MotoCorp 4909.00
Eicher Motors 7031.10
OLA Electric Mobilit 35.13
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