Rs 716.79 crore. The company expects new launches and incremental volumes from existing modules to power sales in the second half of FY 20 I O.
Net profit of world's largest two-wheeler manufacturer Hero Honda rose 83% to Rs 500.11 crore and total operating income 34% to Rs 3822.44 crore in the quarter ended June 2009 over the quarter ended June 2008. Bike sales crossed one-million milestone in the quarter. Hero Honda has been the only twowheeler major that has consistently shown improved growth over the quarters thanks to its rural and semi-urban markets focus. The company plans to introduce nine new bikes in the rest of FY 20 I O.
Net profit of Bajaj Auto increased 68% to Rs 293.49 crore on flat operating income growing 1% to Rs 2338.47 crore in the quarter ended June 2009 over the June 2008 quarter. A richer product mix and high operating efficiency boosted oPM by 790 bps, resulting in OP spiking 71 % to Rs 455.42 crore. The company launched its first 100cc Discover DTS-Si motorcycle on 17 July 2009 and sold 10,000 units. It plans to double sales to 20,000 units in August 2009, and step up domestic motorcycle production by about 25% in August 2009 in response to strong demand for XCD DTS-Si and Pulsar with two variants.
Outlook
After a disastrous performance in the quarter ended December 2008, the automobile sector has found its road to recovery and has started shifting gears for acceleration. Early sales data for July 2009 provide further evidence to this, with Maruti Suzuki India's sales spiking 33%, Hero Honda's 30%, and Mahindra & Mahindra's 22%. Bajaj Auto has indicated that it expects high double-digit growth in motorcycle sales from August 2009. There is general improvement in economy with decline in interest rates and increased credit availability. Also, with the festive season beginning in September 2009, there are reasons for the auto demand to remain buoyant. -
crore for the fiscal ended March 2010 (FY 2010). This would be utilised for establishing an R&D centre, routine capex spend, and new model launch.
Net profit of India's largest automobile company Tata Motors rose an impressive 58% to Rs 513.76 crore despite operating income falling 8% to Rs 6404.63 crore in the quarter ended June 2009 over the quarter ended June 2008. oPM spurted 420 bps to 11.2% owing to cost efficiencies, reduction of raw material prices, inventory
Net profit of world's largest two-wheeler manufacturer Hero Honda rose 83% to Rs 500.11 crore and total operating income 34% to Rs 3822.44 crore in the quarter ended June 2009 over the quarter ended June 2008. Bike sales crossed one-million milestone in the quarter. Hero Honda has been the only twowheeler major that has consistently shown improved growth over the quarters thanks to its rural and semi-urban markets focus. The company plans to introduce nine new bikes in the rest of FY 20 I O.
Net profit of Bajaj Auto increased 68% to Rs 293.49 crore on flat operating income growing 1% to Rs 2338.47 crore in the quarter ended June 2009 over the June 2008 quarter. A richer product mix and high operating efficiency boosted oPM by 790 bps, resulting in OP spiking 71 % to Rs 455.42 crore. The company launched its first 100cc Discover DTS-Si motorcycle on 17 July 2009 and sold 10,000 units. It plans to double sales to 20,000 units in August 2009, and step up domestic motorcycle production by about 25% in August 2009 in response to strong demand for XCD DTS-Si and Pulsar with two variants.
Outlook
After a disastrous performance in the quarter ended December 2008, the automobile sector has found its road to recovery and has started shifting gears for acceleration. Early sales data for July 2009 provide further evidence to this, with Maruti Suzuki India's sales spiking 33%, Hero Honda's 30%, and Mahindra & Mahindra's 22%. Bajaj Auto has indicated that it expects high double-digit growth in motorcycle sales from August 2009. There is general improvement in economy with decline in interest rates and increased credit availability. Also, with the festive season beginning in September 2009, there are reasons for the auto demand to remain buoyant. -
crore for the fiscal ended March 2010 (FY 2010). This would be utilised for establishing an R&D centre, routine capex spend, and new model launch.
Net profit of India's largest automobile company Tata Motors rose an impressive 58% to Rs 513.76 crore despite operating income falling 8% to Rs 6404.63 crore in the quarter ended June 2009 over the quarter ended June 2008. oPM spurted 420 bps to 11.2% owing to cost efficiencies, reduction of raw material prices, inventory
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