AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
INDIA'S HERO HONDA EXPECTS BETTER SALES POST BUDGET ANNOUNCEMENT.
NEW DELHI, March 3 Asia Pulse - India's largest two-wheeler maker Hero Honda, which slashed prices across its various models after the excise duty cut announced in the budget, expects better sales in coming months courtesy the overall policy.
The company had announced a price cut in the range of Rs 1,300 (US$32.56) to Rs 2,400 across its various models, while its flagship model Splendor will see a drop of Rs 1,300, after finance minister P Chidambaram announced a cut in the excise duty on two wheelers to 12 per cent from 16 per cent.
"Definitely, with the price cut there should be improved sales in the coming months," Hero Honda Motors managing director Pawan Munjal told PTI.
He, however, added that it was not only the price cut that was expected to boost the sales, but some other proposals announced in the budget could have an indirect effect on propping up retail offtake.
"Measures such as waiving of loans to farmers and raising of income tax slabs would, in a way, make ...
- Price cut unlikely to increase demand: Hero Honda.
- News wire article from: PTI - The Press Trust of India Ltd. November 18, 2008 700+ words
Price cut unlikely to increase demand: Hero Honda New Delhi, Nov 18 (PTI) Country's largest two-wheeler maker Hero Honda today virtually ruled out cutting...prices to stimulate consumption, Hero Honda Motors Chairman Brij Mohan Lall...
- PRICE CUT UNLIKELY TO INCREASE DEMAND: INDIA'S HERO HONDA.
- News wire article from: AsiaPulse News November 19, 2008 700+ words
...Nov 19 Asia Pulse - India's largest two-wheeler maker Hero Honda Motors (BSE:500182) has virtually ruled out cutting prices...various industries to lower prices to stimulate consumption, Hero Honda Motors Chairman Brij Mohan Lall Munjal said, "Price cuts...
- Hero Honda stocks pile up as demand slumps.
- News wire article from: Asia Africa Intelligence Wire December 24, 2002 700+ words
...year. This fiscal, Hero Honda has targeted 1.8m motorcycles...the last few months. Hero Honda's marketshare stands...by dealers. The first price cut, presented as a celebration...was necessary because Hero Honda was losing retail marketshare...
- Hero Honda Up A Tad On Marginal Sales Uptick.
- News wire article from: Asia Africa Intelligence Wire September 2, 2002 700+ words
...From Financial Express) Hero Honda stock was on a roller...BSE), the stock of Hero Honda closed at Rs 269, up...added that despite a price cut in models like Passion...August 19 and August 30, Hero Honda has lost nearly 13 per...
- Hero Honda cuts two-wheeler prices by up to Rs 2,000.
- News wire article from: PTI - The Press Trust of India Ltd. December 9, 2008 700+ words
Hero Honda cuts two-wheeler prices...largest two-wheeler maker Hero Honda Motors today cut the prices...models. The company said the price cut will range between Rs 1...specifying details. The price cut is in response to the government...
- Hero Honda Motors: Hold.
- News wire article from: Asia Africa Intelligence Wire March 16, 2003 700+ words
...launches, things have not quite gone the Hero Honda way in the past couple of years. The...would take quite some time and effort for Hero Honda to recoup the lost market share and arrest...Dependence on Honda Unlike its competitors, Hero Honda is yet to prove its capabilities in ...
- Can Bajaj overtake Hero Honda in 2007?
- Magazine article from: Financial Express September 22, 2006 700+ words
...the two wheeler market in 2007? Will Hero Honda, the market leader for over a decade...are inching too close to the Munjals of Hero Honda for comfort. According to the monthly...released in September, the once insuperable Hero Honda posted a 15.3% decline in sales in...
- SCRIP SCAN: Hero Honda: Book Profit.
- News wire article from: Business Line April 26, 2009 700+ words
...2009 A market leader in two-wheelers, Hero Honda has outpaced rivals with a 12 per cent...urban and rural markets has helped Hero Honda weather uncertainties such as lower credit...quarters earnings by 17 times. Though Hero Honda may continue to deliver reasonable profit...
- BAL rides past Hero Honda for first time in 7 yrs.
- News wire article from: Asia Africa Intelligence Wire July 26, 2005 700+ words
...quarters, Bajaj Auto (BAL) has overtaken Hero Honda in net profit sweepstakes. While BAL...crore for the quarter ended June '05, Hero Honda recorded a net profit of Rs 204.5 crore...06 to 31%, while the market share of Hero Honda has fallen from 54% in Q1 '05 to 49...
- 'Team Ambition' to bat for Hero Honda.
- News wire article from: Asia Africa Intelligence Wire October 10, 2002 700+ words
...LEADING two-wheeler manufacturer, Hero Honda, has signed up cricketers Virender Sehwag...The four players will join the current Hero Honda brand ambassador and captain of the Indian team, Sourav Ganguly, to form the Hero Honda 'Team Ambition'. Incidentally, the...
Source: HighBeam Research, INDIA'S HERO HONDA EXPECTS BETTER SALES POST BUDGET ANNOUNCEMENT.