Hero is also set to open its second global manufacturing facility in Bangladesh later this year
Industry was badly hit by demonetisation announced in Nov last year as rural sales took a beating
Says, with improving cash situation and consumer sentiment, volumes are gradually picking up
Income from operations slipped 9.7% to Rs 6,780 crore
Company says its 3 manufacturing facilities were closed from Dec 26-31
The company said it saw a drop in retail sales after the demonetisation initiative
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India
The company has crossed six lakh plus sales in five months during 2016 so far
Ather is a Bengaluru-based technology start-up engaged in the business of designing and manufacturing smart EVs
EBIDTA margin improved to a record 16.20% as against 14.91% during last year, helped by softer commodities, cost control measures
This is the second consecutive month that Hero has sold six-lakh plus units
Company's motorcycle range begins at Rs 40,000 and goes up to Rs 107,000
The bike comes with new BS IV compliant engine with Hero's patented i3S technology
However, Munjal will continue to hold 32,500 equity shares of the company
However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder
Income from operations rose 7.7% to Rs 7,901 cr in the quarter against Rs 7,336 cr in the same period last year
Company had registered a net profit of Rs 747.54 crore during the April-June period last financial yeah
The stock hit a fresh record high of Rs 3,556, up 3% on the NSE after the company reported 18% YoY growth in profit at Rs 883 crore for the quarter ended June 30, 2016.
Posts net profit of Rs 883 crore for June quarter against Rs 747 crore in the corresponding period of last year
The company sold 4,87,580 units in July 2015