• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Mar 11, 2013, 10.45 PM | Source: CNBC-TV18

Honda to launch 3 new bikes to topple Hero's leadership

In an open challenge to its former ally and market leader Hero Motocorp, Japanese Honda Motorcycles & Scooters India or HMSI today said that it could become the No.1 two-wheeler maker by 2015.

Like this story, share it with millions of investors on M3

Honda to launch 3 new bikes to topple Heros leadership

In an open challenge to its former ally and market leader Hero Motocorp, Japanese Honda Motorcycles & Scooters India or HMSI today said that it could become the No.1 two-wheeler maker by 2015.

Post Your Comments

Share Cancel

In an open challenge to its former ally and market leader Hero Motocorp , Japanese Honda Motorcycles & Scooters India or HMSI today said that it could become the No.1 two-wheeler maker by 2015, as opposed to its original plan of hitting the numero uno spot by 2020.

For this purpose, the company will launch around three new entry-level 100 cc motorcycles to challenge the leadership of the Splendor.

Also read: Domestic passenger car sales plunge 26% in Feb: SIAM

The company also showcased its new 150 cc bike CB Trigger today that would taken on Hero's Xtreme, Hunk and Bajaj Pulsar and Discover.

Shinji Aoyama, HMSI, global motorcycle head told CNBC-TV18 that Honda is open to extending the tech alliance with Hero beyond 2014. He added that, "The company will listen to any proposal from any company. It is a different question whether we are into it or not. We are ready to listen to anyone." 

Hero Motocorp stock price

On February 12, 2016, Hero Motocorp closed at Rs 2486.50, down Rs 11.95, or 0.48 percent. The 52-week high of the share was Rs 2869.10 and the 52-week low was Rs 2252.00.


The company's trailing 12-month (TTM) EPS was at Rs 129.30 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 19.23. The latest book value of the company is Rs 327.58 per share. At current value, the price-to-book value of the company is 7.59.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Honda to launch 3 new bikes to topple Heros leadership

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login