India's largest two-wheeler maker Hero MotoCorp's second quarter net profit declined 27% from a year ago (down 28% sequentially) to Rs 441 crore, hurt by overall slowdown in sales. However, demand has since picked up from the beginning of the Navratra period, it said on Tuesday.
India's largest two-wheeler manufacturer Hero MotoCorp plans to launch 8-10 new products and refreshes this financial year (FY13). It has already launched the Ignitor motorcycle and Maestro scooter this year.
India's largest two-wheeler maker Hero MotoCorp is raising production capacity at its plants to 7 million units per year from 6.2 currently to meet steady demand.
After Ratan Tata's defence of the Nano, today it was Anand Mahindra's turn to defend the company's forgettable foray into the motorcycle market.