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2-WHEELER BIG THREE RIDE BIKE, COST-CUT WAVE (Hero Honda, BAL, TVS Motors record excellent performances in Oct-Dec 2002 as well as in Apr-Dec 2002).
(From India Business Insight)
With a motorcycle wave sweeping across India, Hero Honda, Bajaj Auto Ltd (BAL) and TVS Motors have recorded excellent performances during Oct-Dec 2002 as well as during Apr-Dec 2002. Motorcycle sales have grown 22 percent during Apr-Dec 2002 compared to 15 percent during Apr-Dec 2001. Bottomlines of the three-wheeler manufacturers have improved owing to reduced interest costs and cost-cutting measures. The net profit margin for TVS Motors rose from two percent in Oct-Dec 2001 to 4.5 percent in Oct-Dec 2002.
BAL's net profit margin improved by one percent to 10.2 percent and that of Hero Honda also improved by one percent to 11 ...
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