- 07:55 PM Mahindra arm to bid for $3.5 bn defence deals
- 07:26 PM Tech Toyz celebrates the waning of recession
- 07:23 PM Experts see mkts at new highs, advise sectors
- 07:21 PM HCL Tech bags $200m order from UK’s Equitable ...
- 07:15 PM Curtains go up on International Film Festival of I...
- 07:15 PM Rebels kill five paramilitary men in Manipur
- 07:15 PM European badminton mixed doubles champion Kellogg ...
- 07:14 PM Axis Bank to stay focused on corp loans
- 07:14 PM Hindalco to sell up to $600 mln shrs - sources
- 07:08 PM Rosberg to race for Mercedes F1 team



Hero Honda Motors Limited (HHML), the world’s largest two-wheeler manufacturer, further consolidated its leadership in the domestic motorcycle market, with a robust 26.8 per cent growth in sales for the month of August 2008. The company sold 305,516 units of two-wheelers in August 2008, compared to 240,875 units in the corresponding month last year.
With this, Hero Honda’s cumulative sales in this financial year so far (April-August 2008) stands at 14,81,077 units as against 12,44,919 units in the corresponding period last year – reflecting a 19 per cent growth in cumulative sales.
This carries forward the company’s positive growth trajectory since the beginning of this financial year (2008-09), further augmenting its more than 55 per cent share in the domestic motorcycle market.
According to Mr. Anil Dua, Sr. Vice President (Marketing & Sales), Hero Honda Motors Ltd, “Our strategy is yielding results. The strategy hinges on creating winning brands across segments, investing in brand building, exploring untapped markets in rural and upcountry areas while consolidating urban presence and rapidly expanding our network. However, the industry continues to face uncertainty on account of high interest rates and overall credit squeeze. The festival month of October is going to be crucial in determining the overall outlook of the industry for the year.”
Key Hero Honda brands continue to drive strong volumes across segments - CD Deluxe in entry segment, Glamour, the new Splendor NXG, Splendor + and Passion Plus in deluxe segment, and Hunk, CBZ X-treme and Karizma in the premium segment.
Hero Honda’s scooter Pleasure has also been growing strongly, with more than 12,000 units being sold in August this year.
Sourced From: Corporate Voice|Weber Shandwick
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- Corrections in '10 to be more aggressive, violent: JPMorgan

- 10 companies that MF managers love
- Bollywood actress Shilpa Shetty marries Raj Kundra
- LyondellBasell development positive for RIL: PN Vijay

- Ignore Buffett, gold`s time has come
- Accumulate Bharti Airtel: Phani Sekhar

- Ganeshaspeaks: Market prediction for Nov 23
- Tech Toyz celebrates the waning of recession
Source: CNBC-TV18
- Experts see mkts at new highs, advise sectors
Source: CNBC-TV18
- HCL Tech bags $200m order from UK’s Equitable Life
Source: CNBC-TV18
- NTPC seeks govt intervention to ensure supply of RIL gas
Source: CNBC-TV18
- China`s Haitong Securities buys Hong Kong rival
Source: ft.com
- KSIDC in pact with FACT for trade centre
Source: Business Line
- GIC Re may have to pay Rs100cr for IOC's Jaipur fire claims
Source: Business Line
- Co-operative dairies seek restraint on oil-meal exports
Source: Business Line






















