Hero MotoCorp will be the new name for Hero Honda Motors, a change necessitated by the end of the equity partnership between Hero Honda and Honda Motors of Japan. Honda sold its stake in the company to the Hero group and agreed to continue technical support for another 5 years.
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TVS Motor’s net profit up 137%, stock steadies
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TVS Motor Company’s results do not show an improvement over the September quarter, as sales and net profit rose by just 2% each. But it has done much better over the year ago period.
TVS Motors, the Chennai-based two-wheeler company, with a market capitalization of Rs 2,947 crore saw its December 2010 quarter sales increase by just 2% over the September quarter to Rs 1,647 crore. Net profit too rose by 2% sequentially to Rs 56 crore.
Filed under: Companies, Quick News, December 2010 results, motorcycles, Scooters, TVS Motor Company
Bajaj Auto’s profit growth robust, margins stable
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The sales of Bajaj Auto, the Rs 38,200 crore market capitalisation motorcycle company, for the quarter ended 31 December 2010 at Rs 4,177 crore, based on standalone figures, are almost at the same level as the previous quarter. Sales are up by 27% over the same period a year ago.
On a sequential basis, its net profit is down by 2% to Rs 667 crore but is up by 40% over the same period, a year ago.
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