Hero Honda News
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Hero MotoCorp Ltd., India’s biggest motorcycle maker, is wooing rural buyers with promotions such as free health checkups after competition from former partner Honda Motor Co. prompted the first drop in sales in almost a decade.
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Honda Motor Co. ’s board approved the sale of as much as 100 billion yen ($1.2 billion) of shares in Hero Honda Motors Ltd., India’s biggest motorcycle maker, Nikkei reported, without saying where it got the information from.
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Hero Group plans to boost overseas sales at India’s biggest motorcycle maker and develop own-brand models after agreeing to buy Honda Motor Co. ’s $1.9 billion stake in the company.
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Hero Honda Motors Ltd. , maker of half the motorcycles sold in India, surged the most in more than 1 1/2 years after saying Honda Motor Co.’s exit from the venture will lead to lower royalty payments and help boost exports.
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The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
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Hero Honda Motors Ltd. , India’s biggest motorcycle maker, posted its biggest drop in quarterly profit in three years as higher raw-material costs eroded gains from increased sales.
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Hero Honda Motors Ltd., India’s biggest motorcycle maker, reported a better-than-estimated 49 percent increase in fourth-quarter net income as sales climbed.
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The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
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Indian stocks fell, with the benchmark index poised for its lowest close in more than six months, amid concern rising costs will hurt company profits.
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Hero Honda Motors Ltd. ’s Indian founders pledged a part of their stake in the nation’s biggest motorcycle maker as they prepare to buy out partner Honda Motor Co. from the venture.
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