Hero MotoCorp slips on weak auto sales

Hero MotoCorp fell 1.96% to Rs 2395.20 after the company's total auto sales stood at 5,01,622 units in January 2020, down 13.91% from 5,82,660 units in January 2019.

However, the total sales have recorded a jump of 18.07% from 4,24,845 units in December 2019.

Domestic sales fell 14.35% to 488,069 units while the total exports witnessed a 5.93% rise to 13,553 units in January 2020 over January 2020.

The two-wheeler major's consolidated net profit fell 10% to Rs 879.45 crore on a 16.4% decline in net sales to Rs 7660.27 crore in Q2 September 2019 over Q2 September 2018.

Hero MotoCorp is a motorcycle and scooter manufacturer. The company is the largest two-wheeler manufacturer in the world.

 

Powered by Capital Market - Live News