Leading two-wheeler manufacturer, Hero MotoCorp has registered quarterly revenue of ₹ 7,865 crore in the October to December quarter of the 2018-19 financial year.
The sales of 17,98,905 in Quarter if two-wheelers contributed to the strong revenue from operations, while Profit After Tax stood at ₹ 769 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) stood at ₹ 1,105 crore. In the first three quarters of the current financial year (April to December 2018), Hero clocked sales of 60,39,585 two-wheeler units, reflecting a growth of 8.1 per cent.
Tata Motors joins hand with Capgemini for the supply of Tigor electric vehicles
Pawan Munjal, Chairman, Hero MotoCorp Limited said "India continues to be the fastest-growing major economy in the world, even as global growth has been projected to moderate over the next couple of years. He further added that For a country of India's size and potential, I see huge appetite for sustained growth in the long-term. I believe it is certainly possible to further accelerate our GDP growth from the current level to a double digit if we can manage time-bound execution of our key projects in infrastructure and other key sectors.
Bajaj Pulsar 180F is to launch soon, read leaked details here
Talking about Hero's recent launch, its most recent two-wheeler launch is the Destini 125, the first 125 cc scooter from Hero MotoCorp. Hero has also recently set up the company's first Research and Development (R&D) Centre at a global location - the Hero Tech Centre Germany GmbH.