[GTO]

High-points:

- Results for Q1, FY ’11 - 12

- Total cumulative sales for the quarter stands at a record 15,29,577 units, and a growth of 24 per cent.

- Registers over five lakh sales in each month of the quarter for the first time.

- Total turnover (Net sales and other operating income) Rs. 5683.33 crores, and a growth of 32 per cent.

- Net profit after tax stands at Rs 557.89 crores.

[ku69rd]

Originally Posted by GTO

High-points:

- Results for Q1, FY ’11 - 12

GTO,
Any plans of sharing details like what is done for the automobile sales month on month? Would be great if there is any possibility of starting one

[anjan_c2007]

The Economic Times (ET) of 6/03/2012 reports that HeroMotoCorp is in talks with bankers to purchase Ducati.HeroMotoCorp has a cash surplus of $ 1 billion and can think of such forays now that it has parted ways with Honda. The company seeks to enhance its ita bikes and enhance its business worldwide.Pavan Kant Munjal the MD of HeroMotoCorp admitted that they talk to many people and not just Ducati- says he " whoever comes to us we talk to them".
The company is looking to gain technology through partnerships and acquisitions after its licencing relationship with Honda ends in 2014.
Investindustrials, a Milan based private equity firm that owns Ducati.
Honda, Yamaha and Suzuki are lanning to expand their operations in India and that has made Bajaj and HeroMotoCorp look up for new ventures.The latter is looking for fresh pastures in Africa and Latin America where Bajaj already has a foothold.
The ET report further says that India is the second largest market in the world for motorcycles and scooters after China (SIAM figure for 2011 is 9.95 million units sold, a growth of 15 %).

[scuderiamania]

Originally Posted by anjan_c2007

The Economic Times (ET) of 6/03/2012 reports that HeroMotoCorp is in talks with bankers to purchase Ducati.HeroMotoCorp has a cash surplus of $ 1 billion and can think of such forays now that it has parted ways with Honda. The company seeks to enhance its ita bikes and enhance its business worldwide.Pavan Kant Munjal the MD of HeroMotoCorp admitted that they talk to many people and not just Ducati- says he " whoever comes to us we talk to them".
The company is looking to gain technology through partnerships and acquisitions after its licencing relationship with Honda ends in 2014.
Investindustrials, a Milan based private equity firm that owns Ducati.
Honda, Yamaha and Suzuki are lanning to expand their operations in India and that has made Bajaj and HeroMotoCorp look up for new ventures.The latter is looking for fresh pastures in Africa and Latin America where Bajaj already has a foothold.
The ET report further says that India is the second largest market in the world for motorcycles and scooters after China (SIAM figure for 2011 is 9.95 million units sold, a growth of 15 %).

Any idea on what kind of market share bajaj enjoys in Africa and Latin America? I am asking this because I want to know what kind of an image Hero Motocorp can garner being an Indian manufacturer. Secondly, I always thought India is the largest two wheeler market. Can you give comparative figures on how many two wheelers are sold in both markets on average?