Net Sales are expected to increase by 14.7 percent Q-o-Q (up 7.2 percent Y-o-Y) to Rs 7931.1 crore, according to KR Choksey. Hero Motorcorp to report net profit at 775.9 crore down 12.1% year-on-year.
Gold prices give up gains but is still trading near 3.5 month highs. Brent too is soft after settling at the highest levels this year.
Hero Moto Corp has pulled out of Indian Premier League sponsorship, according to CNN-IBN sources on Tuesday.
Foreign institutional investors (FIIs) have raised their exposure to 29 Sensex companies, with purchase of shares worth an estimated amount of USD 5 billion, in the quarter ended December 31, 2012.
Hero Moto Corp is hoping to compensate for falling motorcycle sales by pushing scooter sales. The company is aiming to take scooter sales from the current 7% of total sales to 12% over the next one year.
Ventura has come out with its report on two wheeler sector.
SPA Research has come out with its report on auto industry. As per the research firm, demand in tractors may pick up from May, as farmers starts realizing proceeds from rabi crops and improvement in crop prices. The auto industry is expected to grow at a rate of 10-12% in 2012-13.
Here is a look at what this week's episode of Storyboard hold for you.
The year has begun on a great note for autos. The sales numbers for January have been robust across the industry for major players. Maruti has surpassed estimates, while M&M's tractor sales drag along. Swati Khandelwal Jain of CNBC-TV18 does a report with all the numbers.
Motilal Oswal has come out with its report on Diwali picks.
SP Tulsian, sptulsian.com feels investors should stay away from Hero Moto Corp.
Mahindra and Mahindra has taken the 'Rise''brand campaign to the next level. 'Spark the Rise' is a multi-media movement which invites individuals to pitch ideas for public projects, the best ones will get some financial aid from the Mahindra Group.
After three months of breaking ties with Honda, the Hero group is all set for a new beginning a solo entry into the world. The company is all set to unveil its brand and logo at mega event in UK, reports CNBC-TV8’s Swati Khandelwal Jain.