New Delhi, May 01, 2009: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer for eight consecutive years, today reported an unprecedented sales of 3,70,575 units for the month of April’09, a strong 29.5 per cent growth over April’08. Hero Honda had sold 2,86,252 two-wheelers in April last year.
With this, the company carries forward its trail-blazing sales performance in the new financial year 2009-10, even as the domestic two-wheeler industry continues to reel under high interest rates, credit squeeze and overall recessionary trends.
Hero Honda’s April growth comes close on the heels of a robust financial performance of the company in the just concluded FY’09. Riding on an industry-beating 12 per cent growth in sales volumes in FY’09, Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 12356.88 crores, a growth of 19.22 per cent over Rs 10364.54 crores recorded over the last fiscal. The company’s EBIDTA margin was at 14.16 per cent in the fiscal.
source:herohonda.com
With this, the company carries forward its trail-blazing sales performance in the new financial year 2009-10, even as the domestic two-wheeler industry continues to reel under high interest rates, credit squeeze and overall recessionary trends.
Hero Honda’s April growth comes close on the heels of a robust financial performance of the company in the just concluded FY’09. Riding on an industry-beating 12 per cent growth in sales volumes in FY’09, Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 12356.88 crores, a growth of 19.22 per cent over Rs 10364.54 crores recorded over the last fiscal. The company’s EBIDTA margin was at 14.16 per cent in the fiscal.
source:herohonda.com
