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COPYRIGHT 2006 Asia Pulse Pty Ltd
An executive briefing on the automotive industry for May 31, 2006, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S HERO HONDA POSTS 20% JUMP IN ANNUAL NET PROFIT
NEW DELHI - Riding high on a 20 per cent jump in net profit, India's bike market leader Hero Honda Motors on Tuesday recommended a dividend at 1,000 per cent or Rs 20 per equity share of Rs 2 each, for the financial year 2005-06 and announced that it would set up its third plant in Jaipur at an investment of Rs 5.5 billion (US$119 million).
Hero Honda, which also announced that it was working for a fourth new plant, said...
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