Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers.
The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles.
In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp.
Financial Results:
- Hero MotoCorp Ltd reported Revenues for Q1FY24 of ₹8,851.00 Crores up from ₹8,448.00 Crore year on year, a rise of 4.77%.
- Total Expenses for Q1FY24 of ₹7,935.00 Crores up from ₹7,714.00 Crores year on year, a rise of 2.86%.
- Consolidated Net Profit of ₹701.00 Crores up 19.62% from ₹586.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹35.53, up 20.24% from ₹29.55 in the same quarter of the previous year.
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