Hero Honda Motors reports 14.75% rise in its May sales

02 Jun 2011 Evaluate

The country’s largest two-wheeler maker Hero Honda has reported 14.75% increase in sales during May at 5,00,234 units as compared to 4,35,933 units during the same month last year. This is the third consecutive month that the company’s monthly sales have crossed the five lakh mark.

The company has crossed one million sales mark in the very first two months of this fiscal. Setting new industry benchmarks with consecutive months of over five lakh sales, it has put itself well on course towards its guidance of over six million unit sales in this fiscal year (FY12).

Hero Honda posted a net profit of Rs 501.61 crore for the quarter ended March 31, 2011 as compared to Rs 598.81 crore for the quarter ended March 31, 2010, down 16%. Its total income increased from Rs 4191.81 crore for the quarter ended March 31, 2010 to Rs 5465.27 crore for the quarter ended March 31, 2011.

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