HERO HONDA CODE OF CONDUCT FOR DIRECTORS AND SENIOR MANAGEMENT I. INTRODUCTION This Code of Conduct has been adopted by the Board of Directors of Hero Honda Motors Limited for its members and the Senior executives one level below, the Directors, including all functional heads (hereinafter referred to as "Specified employee"). There are certain clauses of the Code, which are meant for Directors only such as attending meetings of the Board and Committee thereof. The Specified employees need to ignore such clauses. The principal duty of the Board of Directors, along with management, is to ensure that the Company is well managed in the interests of its shareholders. The Board of Directors plays the central role in the Company's governance. It is the Company's decision-making authority on all matters except those reserved to shareholders or delegated to the management. The Board of Directors is not expected to assume an active role in the day-to-day management of the Company. II. GUIDELINES FOR CONDUCT Each director and Specified Employees seek to use due care in the performance of his/her duties, be loyal to the Company, act in good faith and in a manner such Director and Specified employee reasonably believes to be not opposed to the best interests of the Company. A Director and Specified employee should seek to also: Make reasonable efforts to attend Board and committee meetings. Dedicate time and attention to the Company. Comply with all applicable laws, regulations, confidentiality obligations and corporate policies of the Company. Be independent in judgement and actions and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors.
Transcript
HERO HONDA
CODE OF CONDUCTFOR DIRECTORS AND SENIOR MANAGEMENT
I. INTRODUCTIONThis Code of Conduct has been adopted by the Board of Directors of Hero Honda Motors Limited for its members and the Senior executives one level below, the Directors, including all functional heads (hereinafter referred to as "Specified employee").
There are certain clauses of the Code, which are meant for Directors only such as attending meetings of the Board and Committee thereof. The Specified employees need to ignore such clauses.
The principal duty of the Board of Directors, along with management, is to ensure that the Company is well managed in the interests of its shareholders. The Board of Directors plays the central role in the Company's governance. It is the Company's decision-making authority on all matters except those reserved to shareholders or delegated to the management. The Board of Directors is not expected to assume an active role in the day-to-day management of the Company. II. GUIDELINES FOR CONDUCTEach director and Specified Employees seek to use due care in the performance of his/her duties, be loyal to the Company, act in good faith and in a manner such Director and Specified employee reasonably believes to be not opposed to the best interests of the Company. A Director and Specified employee should seek to also:
Make reasonable efforts to attend Board and committee meetings.
Dedicate time and attention to the Company. Comply with all applicable laws, regulations,
confidentiality obligations and corporate policies of the Company.
Be independent in judgement and actions and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors.
III. CORPORATE BUSINESS OPPORTUNITIESIn carrying out their duties and responsibilities, Directors and Specified employees should avoid:
Appropriating corporate business opportunities for themselves that are discovered through the use of Company property or information or their position as Directors and Specified employees.
Using Company property or information, or their position as Director and Specified employees, for personal gain.
Competing with the Company.
A corporate business opportunity is an opportunity:
1. Which is in the Company's line of business or proposed expansion or diversification.
2. Which the Company is financially able to undertake.3. Which may be of interest to the Company.
A Director and Specified employee, who learns of such a corporate business opportunity and who wishes to avail of it should disclose such opportunity to the Company's Board of Directors. If the Board of Directors determines that the Company does not have an actual or expected interest in such opportunity, then, and only then, may the Director and Specified employee avail of it, provided that the Director and Specified employee has not wrongfully utilized the Company's resources in order to acquire such opportunity. IV. CONFLICTS OF INTEREST
Each Director and Specified employee should endeavour to avoid having his or her private interests interfere with:i) the interests of the Company orii)his or her ability to perform his or her duties and responsibilities objectively and effectively.
They should avoid receiving, or permitting members of their immediate family to receive, improper personal benefits from the company, including loans from or guarantees of obligations by the Company, except as may be provided in their employment contract.
They should make a full disclosure to the entire Board of any transaction or relationship that such a Director and Specified employee reasonably expects could give rise to an actual conflict of interest with the Company and seek the Board's authorization to pursue such transactions or relationships.
V. COMPANY PROPERTYIn carrying out their duties and responsibilities, Directors and
Specified employees should endeavour to ensure that management is causing the Company's assets, proprietary information and resources to be used by the Company and its employees only for legitimate business purposes of the Company. VI. CONFIDENTIAL INFORMATIONDirector and Specified employees should maintain the confidentiality of information entrusted to them in carrying out their duties and responsibilities, except where disclosure is approved by the Company or legally mandated or if such information is in the public domain.
The Company's confidential and proprietary information shall not be inappropriately disclosed or used for the personal gain or advantage of any Director and Specified employees or anyone other than the Company. These obligations apply not only during a Director's and Specified employee's term, but thereafter as well.
VII. FAIR DEALINGIn carrying out their duties and responsibilities, Director and Specified employees should endeavour to deal fairly, and should promote fair dealing by the Company, its employees and agents, with customers, suppliers and employees.
Director and Specified employees should not seek to take unfair advantage of the Company through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or any other unfair dealing. VIII. COMPLIANCE WITH LAWS AND REGULATIONSIn carrying out their duties and responsibilities, Directors and Specified employees should comply, and endeavour to ensure that the management is causing the Company to comply, with applicable laws, rules and regulations. In addition, if any Director and Specified employee becomes aware of any information that he or she believes constitutes evidence of a material violation of any securities or other laws, rules or regulations applicable to the Company or the operation of its business, by the Company, any employee or another Director and Specified employee, then such Director and Specified employee should bring such information to the attention of the Chairman of the Audit Committee. IX. INSIDER TRADINGDirector and Specified employees should observe all applicable laws and regulations including the Company policies and Codes as applicable to them with respect to the purchase and sale of the
It is the responsibility of each Director and Specified employee to become familiar with and understand these laws, regulations, policies and codes and should seek further explanations and advice concerning their interpretation, if required.
Any waiver of or amendments to the Company's policies or Codes may be made only by the Company's Board of Directors and will be disclosed promptly as required by applicable laws and regulations including the rules of any exchange on which the Company's securities are listed or traded.
Director and Specified employees should direct questions regarding the application or interpretation of these guidelines to the Company Secretary/Compliance Officer.
X. ENCOURAGING THE REPORTING OF ILLEGAL OR UNETHICAL BEHAVIOURDirector and Specified employees should endeavour to ensure that management is causing the Company to promote ethical behaviour and to encourage employees to report evidence of illegal or unethical behaviour to appropriate Company personnel.
Director and Specified employees should endeavour to ensure that the Company will not allow retaliation against any employee who makes a good faith report about a possible violation of the Company's Code of Conduct. XI. NON-COMPLIANCESuspected violations of this Code may be reported to the Chairman of the Board or the Chairman of the Audit Committee. All reported violations should be appropriately investigated.
A Director and Specified employees charged with a violation of this Code should not participate in or vote on the matter in the meeting of a Committee or the Board concerning his/her alleged violation, but may be present at a meeting of the Board or of a Committee convened for that purpose.
Any waiver of this Director and Specified employees' Code must be approved by the Board of Directors and publicly disclosed if required by any applicable law or regulation.
The Director and Specified employee should respect each and every employee of the Company, treat each of them in a fair and equitable manner; respect their privacy and not to share/disclose their personal information without their prior consent; maintain non-discriminatory approach and refrain from harassing employees, making sexual advancements, coercion, threat by virtue of his/her position with the Company. XIII. CUSTOMERSThe Director and Specified employee should ensure to provide products and services, which meet the desired quality and safety standards and redress the Customer's grievance genuinely. XIV. SHAREHOLDERSThe Director and Specified employee should ensure to protect shareholders interest by ensuring maintenance of accurate and complete records by avoiding false misleading or artificial entries in the Books of accounts.
BOARD OF DIRECTORS
No.
Name of the Directors Designation
1 Mr. Brijmohan Lall Munjal Chairman & Whole-time Director
2 Mr. Pawan Munjal Managing Director & C.E.O.3 Mr. Toshiaki Nakagawa Joint Managing Director4 Mr. Sumihisa Fukuda Technical Director5 Mr. Sunil Kant Munjal Non-Executive Director6 Mr. Suman Kant Munjal Non-Executive Director7 Mr. Takashi Nagai Non-Executive Director8 Mr. Yuji Shiga Non-Executive Director9 Mr. Pradeep Dinodia Non-executive &
Independent Director10 Gen. (Retd.) V. P. Malik Non-executive &
Independent Director11 Mr. Analjit Singh Non-executive &
Independent Director12 Dr. Pritam Singh Non-executive &
Independent Director
13 Ms. Shobhana Bhartia Non-executive & Independent Director
14. Mr. M. Damodaran Non-executive & Independent Director
15. Mr. Ravi Nath Non-executive & Independent Director
16. Dr. Anand C. Burman Non-executive & Independent Director
BRIEF PROFILE OF DIRECTORS MR. BRIJMOHAN LALL MUNJAL Mr. Brijmohan Lall Munjal is the founder Director and Chairman of the Company and the $ 3.2 billion Hero Group. He is the Past President of Confederation of Indian Industry (CII), Society of Indian Automobile Manufacturers (SIAM) and was a Member of the Board of the Country's Central Bank (Reserve Bank of India). In recognition of his contribution to industry, Mr. Munjal was conferred the Padma Bhushan Award by the Union Government. Mr. Brijmohan Lall Munjal is currently on the board of the following companies: No.
Name of Company Nature of Office
1 Hero Honda Motors Limited
Chairman and Whole-time Director
2 Hero Honda Finlease Limited
Chairman and Director
3 Munjal Showa Limited Chairman and Director4 Easy Bill Limited Director5 Rockman Industries
LimitedDirector
6 Shivam Autotech Limited Director
MR. PAWAN MUNJAL Mr. Pawan Munjal is the Managing Director and CEO of the Company. He is responsible for growth and strategic planning for the entire Group. A graduate in mechanical engineering, Mr. Munjal has been instrumental in bringing about technological and managerial excellence in the Company's operations. He has been
He is also on the board of Indian Institute of Management, Lucknow . An avid golfer, Mr. Munjal is Past Chairman of the Asian PGA Tour Board of Directors and the Past President of Professional Golfers Association of India (PGAI). Under his guidance, Hero Honda launched the Hero Indian Sports Academy (HISA) in collaboration with Laureus Foundation to provide equal opportunities in sports to various communities and to reward talent in the country.
Mr. Pawan Munjal is currently on the Board of the following companies: No.
Name of Company Nature of Office
1 Hero Honda Motors Limited Managing Director & CEO2 Hero Honda Finlease Limited Director3 Rockman Industries Limited Director
MR. TOSHIAKI NAKAGAWA Mr. Toshiaki Nakagawa joined the Company as Joint Managing Director on February 1, 2006.
He joined Honda Motor Co., Ltd, Japan in April 1973 and later on took various assignments at Senior Positions in world wide Honda net work, such as staff member of UK, Hongkong and President of Honda Czech Republic, Honda France and General Manager of Honda Beijing Office.
Before joining the Company, he held the position as General Manager of Operating Office of China, ASEAN succeeding by Operating Office No.1 (North America, South America and Europe) at Honda Head Office, Japan.
His specialization is “Overseas Sales of Automobiles and Motorcycles.”
Mr. Nakagawa is currently on the Board of the following companies: No.
Name of Company Nature of Office
1 Hero Honda Motors Limited Joint Managing Director
MR. SUMIHISA FUKUDA Mr. Sumihisa Fukuda was appointed as an Additional and Technical Director in the Whole-time employment of the Company by way of passing a resolution by Circulation on May 13, 2008 . Mr. Fukuda was born on December 12, 1955 at Nagasaki , Japan and after completing a course in Mechanical Engineering, he joined Honda Motor Co., Ltd., Japan as an Engineer & has completed various assignments in Honda. In recent past, he was working as Manager - Asian Autoparts Co. Ltd., Thailand . He brings with him rich experience of more than 30 years.
Mr. Fukuda is currently on the Board of the following companies: No.
MR. SUNIL KANT MUNJAL Mr. Sunil Kant Munjal was appointed on the Board of Directors of Hero Honda Motors Limited August 25, 2006 as an Non Executive Director of the Company. After his graduation, he underwent training in the field of Mechanical Engineering. Presently he is Managing Director of Hero Cycles Ltd. (C.R. Division) and Hero Corporate Services Limited.
Mr. Munjal has also been the President of Confederation of Indian Industry (CII), India's premier business association. He is also on the Board of Indian School of Business, Hyderabad and is the visiting faculty at various Business Schools and Corporate. His specialization is in Business Studies and Holistic Management Practices. Apart from the above he is a member of Prime Minister's Council on Trade and Industry, Consultative Group on Industry, Planning Commission, Government of India and SEBI Committee on Disclosures. He has made significant contributions to some of the National-level Economic and Labour reforms in India in the capacity of Chairman or as a member.
Mr. Sunil Kant Munjal is currently on the board of the following companies:
1 Hero Management Service Limited Chairman & Managing Director
2 Hero Corporate Service Limited Chairman3 Shivam Autotech Limited Chairman4 Hero Life Insurance Company
LimitedChairman
5 Abhayuday Manufacturing & Automotive Ltd
Director
6 Arrow Infra Limited Director7 DCM Shriram Consolidated Limited Director8 Easy Bill Limited Director9 Hero Honda Motors Limited Director10 Hero Mindmine Institute Limited Director11 Hero Realty & Infra Limited Director12 Hero Steels Limited Director13 Rockman Industries Limited Director14 Satyam Auto Components Limited Director15 Weave Engineering and Design
LimitedDirector
MR. SUMAN KANT MUNJAL Mr. Suman Kant Munjal was appointed as an Additional Director on the Board of Hero Honda Motors Limited on July 29, 2010. Mr. Munjal is the Managing Director of Rockman Industries Ltd., one of the leading suppliers of Aluminum Die Casting, Machined and Painted Assemblies to Hero Honda Motors Ltd. Mr. Munjal, a graduate in Commerce, possesses rich experience and expertise in business management and thus has been instrumental in elevating Rockman Industries Ltd. to its current status.
Mr. Suman Kant Munjal is currently on the board of the following companies: No.
Name of Company Nature of Office
1 Hero Management Service Limited Managing Director
3 Shivam Autotech Limited Director4 Hero Life Insurance Company Limited Director5 Abhayuday Manufacturing & Automotive
LtdDirector
MR. TAKASHI NAGAIMr. Takashi Nagai is President & CEO, Honda Siel Cars India Ltd. and Honda Motor India Private Ltd. He is also the head of Honda’s overall operations in the entire South West Asia region. He has been associated with Honda Motor Co. for more than 27 years. He joined Honda in 1982 and began his career in Production Control at company’s Hamamatsu Plant in Japan.
Mr. Nagai has vast experience in the automobile industry, having worked with Honda ventures in different markets, across the globe including America and Europe. From February 2003 to January 2006, Mr. Nagai was stationed in Mexico as Director of Honda de Mexico, S.A. de C.V. In February 2006, he was appointed as General Manager, Overseas Operations Office No. 1 of Honda Motor Co. Ltd. looking after North America, South America and European market. In April 2007, Nagai became Executive Vice President, Asian Honda Motor Company Ltd. and a Director of Honda Motor Co. Ltd from June of the same year.
Mr. Nagai is on the board of the following companies.:No.
Name of Company Nature of Office
1 Hero Honda Motors Limited President & CEO2 Honda Siel Cars India Limited Director3 Honda Siel Power Products Limited Director
MR. YUJI SHIGAMr. Yuji Shiga was appointed on the Board of Directors of Hero Honda Motors Limited on April 19, 2010 in Casual Vacancy caused by the resignation of Mr. Masahiro Takedagawa. Mr. Shiga began his career at Honda Motors in Domestic Sales of Power Products in 1982. He has distinguished his business expertise over 27 years in the field of power products, and was appointed as President of Jialing Honda Motor Co., Ltd (China) in June 2005..
He has extensive experience of Honda’s products and global operations, having worked in many regions across the globe. In April 2009, he was appointed as General Manager of Overseas
Operation Office No.1, overlooking operations of North & South America, and Europe. Combined with his current role of supervising Asia & Oceania, he possesses a scope covering close to all of Honda’s markets.
Mr. Shiga is on the board of the following companies:No.
Name of Company Nature of Office
1 Hero Honda Motors Limited Director
MR. PRADEEP DINODIAMr. Pradeep Dinodia was appointed as an Additional Director on the Board of the Company on March 31, 2001. Mr. Dinodia is a fellow member of The Institute of Chartered Accountants of India and a senior partner in the Delhi-based Chartered Accountancy firm M/s. S.R. Dinodia & Company. He has considerable experience in corporate affairs and allied legal and taxation matters.
Mr. Dinodia is on the Board of the following companies: No.
GEN. (RETD.) V. P. MalikGen. (Retd.) V. P. Malik was appointed as an Additional Director on the Board of the Company on May 4, 2001. Gen. Malik retired as Chief of the Indian Army in September, 2000. During his distinguished military career, he received number of awards including the Ati Vishista Seva Medal (AVSM) and the Param Vishishta Seva Medal (PVSM) - the highest National award for
Gen. Malik is on the Board of the following companies: No.
Name of Company Nature of Office
1 BSES Rajdhani Power Limited Director2 BSES Yamuna Power Limited Director3 Hero Honda Motors Limited Director4 Reliance Infrastructure Limited Director
MR. ANALJIT SINGHMr. Analjit Singh, the Chairman of Max India Group, was appointed as an Additional Director on the Board of the Company on September 28, 2004. Mr. Singh brings has rich and varied experience in businesses like Pharmaceuticals, telecom services, packaging, specialty plastic products and electronic components.
Mr. Singh is currently on the board of the following companies: No.
Name of Company Nature of Office
1 Max India Limited Chairman and Mg. Director
2 Max New York Life Insurance Company Limited
Chairman
3 Max Healthcare Institute Limited Chairman4 Max Neeman Medical International
DR. PRITAM SINGHDr. Pritam Singh was appointed as an Additional Director on the Board of the Company on September 28, 2004 . He is author of seven academically reputed books and over 50 research papers. Dr. Pritam Singh is one of the pioneers of Management Education in India who has devoted his life to the development of Management Education in India and abroad. Dr. Singh received the "Padam Shri" award in 2003 for his contributions in this field.
He is also on the Board of the following companies and their committees: No.
Name of Company Nature of Office
1 Dish TV India Limited Director2 Hero Honda Motors Limited Director3 Dena Bank Limited Director4 Godrej Properties Limited Director5 Parsvnath Developers Limited Director
MS. SHOBHANA BHARTIAMrs. Shobhana Bhartia was appointed as an Additional Director on the Board of the Company on March 24, 2005. She belongs to the distinguished Birla family and has married into another major industrial family, the Bhartia Group. Currently, she is the Vice Chairperson and Editorial Director of HT Media Limited. She has been conferred the "Padam Shri" by the Union Government for her contribution to the media. Mrs. Bhartia is also the Chairperson of International Press Institute (India Chapter). .
Mrs. Bhartia is director on the Board of the following companies: No.
Name of Company Nature of Office
1 HT Media Limited Chairperson & Editorial Director
2 The Hindustan Times Limited Chairperson3 Air Travel Bureau Limited Director4 Britex (India) Limited Director5 Firefly e-ventures Limited Director6 Goldmerry Investment & Trading Director
MR. M. DAMODARANMr. M. Damodaran has been appointed as an Additional Director w.e.f. June 16, 2008 in the category of Non-Executive and Independent Director. Mr. Damodaran, aged 61 years was born on May 4, 1947 and belongs to the Indian Administrative Service, Manipur-Tripura Cadre. He had held various coveted positions in Government / Public Sector and Regulatory Bodies.
In the past he held the position of Joint Secretary (Banking Division) in the Ministry of Finance, Chairman Unit Trust of India. He headed the IDBI bank before being appointed as the Chairman of the Securities and Exchange Board of India (SEBI), the country's financial market watchdog. He was also appointed as officer on special duty with the Reserve Bank of India dealing primarily with the restructuring of three identified weak public sector banks.
Mr. Damodaran is currently on the board of the following companies: No.
6 Satyam Computer Services Limited Director7 Sobha Developers Limited Director
MR. RAVI NATHMr. Ravi Nath has been appointed as an Additional Director w.e.f. October 14, 2009 in the category of Non-Executive and Independent Director. Mr. Nath, aged 64 years is an Advocate of Supreme Court of India. He is a Partner of one of the India's oldest legal firms Rajinder Narain & Co. He has done his B.Com (Honours), LLB, International and Competitive Laws from King's College, London, and PIL from Harvard. He did his apprentice from Sinclair Roche and Temperley, London. He brings with him rich and specialized experience in the field of Corporate and Commercial law, Asset Finance, Aviation and Cross Border issues of nearly 40 illustrious years. He has also been recognized several times by Euromoney and others as a leading lawyer in the field of Mergers & Acquisitions. He is listed in Who's Who and Legal 500. The Bar Association of India conferred its highest honour on him.
He is also on the Board of the following companies: No.
Name of Company Nature of Office
1 Voith Paper Fabrics India Ltd. Director2 Hero Honda Motors Limited Director3 Kanoria Chemicals & Industries
Ltd.Director
4 Somany Ceramics Ltd. Director
Dr. ANAND C.BURMANMr. Anand C. Burman has been appointed as an Additional Director w.e.f. January 13, 2010 in the category of Non-Executive and Independent Director. Dr. Burman is an eminent Industrialist with particular interests in the areas of Research and Development in the Pharmaceutical Sciences as well as Biotechnology and Technology issues. Dr. Burman has Doctorate in the area of Pharmaceutical Chemistry from the University of Kansas, USA. He is currently the Chairman of Dabur India Limited. He is also a member in the Council of Governors at Birkbeck College, University of London.
He is also on the Board of the following companies:No.
1 Mr. Ravi Sud Sr. Vice President & Chief Finance Officer2 Mr. Anil Dua Sr. Vice President-Sales,
Marketing and Customer Care3 Mr. Vikram Plants Head-Operations and Supply Chain
Kasbekar4 Dr. Anadi S.
PandeVice President-HRM,Corporate Planning and Strategy
5 Mr. Vijay Sethi Vice President-Information Systems6 Mr. Neeraj
MathurVice President Supply Chain and Strategic Sourcing
Company Secretary & Compliance Officer
No.
Name Designation
1 Mr. Ilam C. Kamboj Sr. G. M. Legal & Company SecretaryEmail - [email protected]
CUSTOMER CARE
GENUINE PARTS Features & Benefits
The performance and safety of your bike not only depends on the world class design and workmanship assured by Hero Honda but also on the parts being used in the assembly line.
Even the finest components manufactured need replacement from time to time. And to ensure the continued impeccable performance of your vehicle, the spare parts should also be made and replaced as good as the components fitted by Hero Honda.
To ensure this, we manufacture and procure the replacement parts according to the specifications and standards set by us and Honda Motor Co.
As a responsible Hero Honda bike owner, we recommend that for your safety, long life and high performance of your bike, use only Hero Honda genuine parts.
How to Identify Genuine Parts
Maximum Retail Price (MRP) Label
On the Label:FEATURE EFFECT
Thermochromic-Ink-Printed (Blue Colour) GENUINE word.(Printed once, twice & thrice on Small, Medium & Large size of labels respectively)
On rubbing it disappears, and re-appears on leaving, in 15 seconds.
Fluorescent-Ink-Printed Hero Honda Genuine Parts Logo
Glows under the Infrared Light.
Serrated Edges Showing die-cut Peaks and Valleys on the top edge. On the Holographic Strip:
FEATURE EFFECT
Pseudo 3D Background Clarity in design.
Expanding & Shrinking Effect Hero Honda Logo, where one Expands & other Shrinks, on tilting
Kinetic Effect Rainbow
3D Logo Floating Image of Logo
90-Degree-View Effect “GENUINE PARTS” shows up at 90-Degree Angle on tilting
Scratch & See 2-colour Hero Honda Logo appears on scratching the Holographic Strip. (Printed once, twice & thrice on Small, Medium & Large size of labels respectively)
Continuous border with Hero Honda logo The red colour has a vignette where the colour fades as it comes from top to bottom Genuine Hero Honda Spare Parts logo is in white colour The MRP Label is pasted on the back-side of pouch and left-side of box
Hero Honda Genuine Accessories Packaging
3 - Colour Laminated Pouch/Duplex Box
Continuous border with Hero Honda logo The red colour has a vignette where the colour fades as it comes from top to bottom Genuine Hero Honda accessories logo is in black colour Packaging is in "Zipper Pouch" to enable the customer to have a look & feel of the
accessory The MRP label is pasted on the back-side of pouch and left-side of box
Scope of WarrantyHero Honda Motors Limited warrants all its two–wheelers manufactured/assembled in Dharuhera, Gurgaon and Haridwar Plants, distributed in India and sold through its Authorised dealers to be free, under normal use and condition, from any defect both in material and workmanship, subject to the following terms and conditions. Terms and Conditions
1. All Hero Honda two-wheelers are warranted for a certain period specified in terms of time and kms from the date of purchase, whichever term gets satisfied earlier.
2. It is mandatory for the customer to avail all free and paid services as per the recommended schedule to be eligible for the warranty benefits.
3. If a defect is observed in any Hero Honda two-wheeler, Hero Honda's only obligation/liability is to repair or replace those parts which is/are considered to be the cause of malfunction free of charge of both labour and material, when Hero Honda acknowledges that such malfunction has not come out of misuse or improper handling etc. such defective two-wheeler should be brought to the nearest Hero Honda dealer/authorised service centre by the owner for necessary inspection and subsequent repairs.
Limitations of WarrantyThe warranty shall not apply:
If any of the free services or subsequent paid service is not availed as per the recommended service schedule given in the owner's manual.
If Hero Honda recommended engine oil SAE- 10 W 30 SJ Grade (JASOMA) is not used.
To normal wear and tear components like bulbs, electrical wiring, filters, spark plugs, clutch plates, brake shoes, fasteners, shims, washers, oil seals, gaskets, rubber parts, plastic components, chain and sprockets and in case of wheel rim misalignment or bend.
If there is any damage due to modification or fitting of accessories other than the ones recommended by Hero Honda.
If the two-wheeler has been used in any competitive events like track races or rallies.
If there is any damage to the painted surface due to industrial pollution or other extraneous factors.
For claims made for any consequential damage due to any previous malfunction.
For normal phenomenon like noise, vibration, oil seepage, which do not affect the performance of the two-wheeler.
If there is any damaged caused due to usage of improper oil/grease, non genuine parts.
For two-wheelers which have been used for any commercial purposes as taxi etc.
For maintenance repairs required due to misuse while driving or due to adulteration of oil, petrol or due to bad road conditions.
For consumables like oil, grease etc. used during free services or used during warranty repairs.
If any part of the vehicle is tampered/repaired by unauthorized persons/workshops etc.
For two-wheelers not used in accordance with the owner's manual supplied with each two-wheeler by Hero Honda.
Warranty on Proprietary ItemsWarranty on proprietary items like tyres, tubes & battery etc. will be directly handled by the respective Original Equipment Manufacturers (OEM’s) except AMCO for batteries and Dunlop/Falcon for tyres, tubes. In case of any defect in proprietary items, other than the above two mentioned OEM's the dealer must approach the branch office/dealer of the respective manufacturers.
For AMCO batteries and Dunlop/Falcon tyres, tubes claims will be accepted at our Authorised Dealership/Service Centres, w.e.f 1st May 2002, as per the mutually agreed terms and conditions between Hero Honda and these two OEM's. While for other OEM's in case the claim is not accepted for any invalid reason, then the claim along with the refusal note from the OEM can be sent to the warranty section at Gurgaon Plant after due recommendation of the area service engineer. Service & Maintenance Schedule
SERVICE & MAINTENANCE SCHEDULE Our constant endeavour is to support the company's mandate of providing highest level of customer satisfaction by taking good care of your two-wheeler service and maintenance through our vast network of more than 2100 committed Dealers and Service outlets spread across the country.
Our state-of-the-art authorised workshops have well laid out standards for two-wheeler servicing with fully equipped infrastructure having quality precision instruments, pneumatic tools and a team of highly trained service technicians. Having your two-wheeler serviced at an authorised workshop ensures highest standards of service quality and reliability. Service ScheduleHero Honda offers free services on all its two-wheelers. You should avail these services within the stipulated conditions of time period or km range, whichever condition gets satisfied earlier from the date of purchase. After the completion of free services or its validity period you must continue availing paid services as per the recommended service schedule.
Select your model to view the Service Schedule
Maintenance ScheduleProper care and maintenance are paramount for trouble free operation and optimum performance of your two-wheeler.
Select your model to view the Maintenance Schedule
PRE RIDE INSPECTION You should conduct pre-ride inspection before riding a two wheeler to enhance safety and riding comfort.
Clean the two-wheeler body surface regularly to maintain the surface finish. Use specifically designed cleaning products only.
Inspect your motorcycle before you start the engine. The items listed here will only take few minutes, and in the long run they can save time, expense, and possibly your life. Click to follow the tips as given below:
1. ENGINE OIL LEVEL 2. FUEL LEVEL 3. FRONT AND REAR BRAKES 4. TYRES 5. CLUTCH 6. DRIVE CHAIN 7. THROTTLE 8. LIGHTS AND HORN: Check if the headlight, tail /stop
light, turn signals, indicators and horn function properly.9. REAR VIEW MIRROR: Ensure that the rear view mirror
gives a good rear view when you are sitting on the motorcycle.
10. AIR SUCTION VALVE: Make sure all tube connections are secured properly.
To meet emission standards, presently all models of Hero Honda are provided with the air suction valve. Air suction valve supplies fresh air from air filter to the exhaust manifold to convert carbon monoxide to carbon dioxide. This reduces the CO% in the vehicle exhaust.
11. FITTING & FASTENERS: Check & tighten if necessary.12. BATTERY 13. STEERING: Check for smooth action and
maneuverability.
FUEL ECONOMY - DO'S & DONT'S
Select Model -
Stretch That Litre
In order to get the maximum mileage from your motorcycle you should keep the following points in mind.
DO's
Drive at steady speed (between 40 to 50 km/hr) Maintain correct tyre pressure Adjust drive chain tension correctly Get your engine tuned and motorcycle serviced
regularly by a Hero Honda authorised dealer
DONT's
Do not keep the clutch lever pressed while riding Do not run the engine in low gear for long times Do not park your motorcycle under direct sunlight as
it causes evaporation of petrol Do not keep brake pedal pressed while riding Do not raise the engine rpm during traffic halts Switch off the engine if the halt is for more than 30
seconds Do not cover Inlet of Air Filter assembly Do not cover the engine in the front and sides. This
may restrict the smooth air flow to the engine fins required for air cooling and the engine may run at a higher temperature.
In case you wish to have the fuel efficiency tested, please take your motorcycle to the nearest dealer and ask for a fuel efficiency test ("KPL test") done. They can then also make any adjustments that are found necessary. PUC CERTIFICATION You should get your motorcycle inspected and certified from an authorised PUC centre to ensure that the emission performance of the vehicle in within the desired limits.
For petrol engine two - wheelers the c urrent regulation requirement is as follows -
Idle CO (Carbon Monoxide) % = 3.50 % (max)
HC (Hydrocarbon) = 4500 ppm (max)
Vehicles which do not undergo a periodic maintenance are liable to emit exhaust gases more than the permissible limit. Few important tips to maintain low emission levels -
Clean spark plug and maintain specified gap between electrodes.
Keep the air filter clean. Get the carburetor tuned at authorised Hero Honda
workshop. Do not overfill the engine oil and follow the
replacement schedule. Avoid use of adulterated fuel.
You should get the emission level certified once in every 3 months at any of the authorised emission checking Centres.
IMPORTANT MAINTENANCE TIPS HERO HONDA GENUINE ENGINE OIL - 4 T PLUS Engine oil is a key determinant for efficient motorcycle performance and increased engine life. Hero Honda 4-T Plus Genuine Engine Oil is a premium quality engine oil, engineered to meet the lubrication requirements of Hero Honda Engines.Hero Honda 4-T Plus conforms to International specifications of API SJ SAE 20 W 40 / 10 W 30 (JASOMA) specifications.
We strongly recommend that you use Hero Honda 4-T plus to maintain optimum engine performance during extreme driving conditions.
Hero Honda 4-T plus Genuine Engine Oil provides the following benefits compared to API SF grade oil:
Enhanced engine oil life. Excellent anti-wear properties to increase your
motorcycle’s engine life. Minimizes the blow by gases by sealing the clearances
within engine and improves the engine’s power. Provides excellent protection against corrosion. Has very high stability against oxidation & temperatures. Facilitates easy cold starting. Special additives in the engine oil provide better engine
cleaning.
Hero Honda 4T Plus (10 W 30)
Recommendation
For best results from your Hero Honda two-wheeler we recommend use of Hero Honda 4T Plus Genuine Engine Oil as per the following schedule -
Select your model to view the recommendedGenuine Engine Oil and Replacement Schedule
How to check the engine oil level?
In order to check the level of the engine oil, the vehicle should be on main stand. Check the engine oil level using the dipstick. The
Select Model -
engine oil level should be maintained between the upper and the lower level marks of the dipstick. In case it is needed, top up the engine oil up to the upper level on the dipstick.
Replace the engine oil if it is due for replacement
BATTERY MAINTENANCE
Your motorcycle battery needs periodical maintenance to ensure a long and trouble free life. Do the following checks at regular intervals for a reliable battery performance.
Check the electrolyte level against the top and bottom markings on the battery shell. Always top up with distilled water whenever required.
Check for any leakage from battery. It should be clean and free from any leakages. In case of non use of motorcycle, battery should be kept fully charged and electrolyte level should be at Top mark. TYRE PRESSURE
Proper tyre pressure provides maximum riding comfort and tyre life.
Check the tyre pressure of both the front and rear wheels. Ensure recommended air pressures once a week. Also check for any cuts, embedded nails or any other sharp objects in the tyre.
Select your model to view the recommended Tyre Size & Air Pressure
RIDE SAFE THE HERO HONDA WAY At hero Honda, our goal is not only to sell you a bike, but to also help you every step of the way in making the right decisions. Assisting you in making the right judgments on the road, and helping you choose the right helmet and other riding equipment that can not only help save your skin but possibly your life!
And as bike handling requires know-how, skill and rigorous mental conditioning, we have put together certain safety tips and
suggestions that will enhance your riding comfort. Click to view the videos.
Pre - Ride Checks Riding Gear
Riding Posture Riding On the Road
Braking Balancing
Cornering
Always remember - a good rider is a safe rider. BE A HERO HONDA GOOD RIDER As a socially responsible company we urge you to join us in making this world a safer, healthier and more environment friendly place.
At Hero Honda we like to promote the three E’s.
Engineering – which is the right technology, specifically designed for Indian customer requirements, and road conditions. It is exemplified in the 4-stroke Hero Honda
engines that give you amazing reliability and fuel-efficiency, year after year. We have always manufactures 4-stroke engines, ever since inception in 1985.
Environment – which is about ensuring that the high technology 4-stroke Hero Honda motorcycles continue to meet the most stringent pollution control norms at every level – as they have since the very beginning.
Education – which is about promoting comfortable and safe driving, through a wide dealer network and service centres; as well as in educating people on road safety, in association with the traffic police and the transport department. Do remember that you and your family are not only riders, but pedestrian as well.
It is as part of the Hero Honda family that ‘We Care’ to drive home the message of Road Safety and a Healthy Environment.
Your Hero Honda, the environment and you. It is a three-way relationship that you should nurture, to reap the benefits for years to come. A well tuned bike keeps the environment healthy. Good riding practices will keep you healthy. Taking good care of your bike will always keep your bike healthy.
Here are simple steps to a healthy bike, healthy environment, and a healthy you.
Health and Environment Safety Facts and Information Social Responsibility
We are certain that you too will take pride in being a true Hero Honda Good Rider .
The Hero Honda GoodLife Program is designed to compliment your good life in every way. It brings you an easy to use privilege card packed with special rewards and benefits. And it doesn’t end here. It also provides you with a free riders’ insurance worth 1 Lakh to ensure your peace of
mind. What’s more, your Hero Honda GoodLife Program membership rewards you with points on all your spends. So make the best use of your card and redeem your points for fabulous rewards!
The Hero Honda GoodLife Program is your very own passport to the good things of life. It brings you an easy to use privilege card that offers a host of special rewards and benefits. Providing you with fabulous returns on your spends, it is surely the most convenient way to complement your good life. YOUR WORLD OF REWARDSWINNER OF THE MONTHREFERRAL POINTSFIRST TRANSACTION BENEFITDISCOUNT ON SPARES & ACCESSORIESPOINTS EARNED ON MONEY SPENTFREE RIDER’S PERSONAL INSURANCEGO GREENSERVICE BONUSBONUS POINTS ON BIRTHDAYSPECIAL VALUE OFFERS
Exclusive invities to events and special value offers from our partners, selected especially for you.
Get to know about the latest happenings with our special Hero Honda GoodLife Program newsletter, “Suhana Safar”
Redeem points, take home your giftsAs you continue your journey with us, you can redeem your points for fabulous gifts.
Make the most of your Hero Honda GoodLife Program membership card. Every time you visit an authorized outlet, you get an opportunity to earn points. Accumulate points to reach your milestones and at every milestone, you can use your card to redeem points for a range of exciting rewards and privileges.
EARNING AND REDEEMING REWARD POINTS
Your card is important and it is unique to you. Please carry your card during all your visits to Hero Honda dealerships or service centres. You will need your card to earn reward points on your spends, which you can accumulate to reach the program milestones. To help you keep track of your points, you can ask for a Points Statement from the dealer executive. When you have reached your milestone, please present your card and collect your milestone gift from your dealer*.
The Hero Honda GoodLife Program offers you great rewards, benefits and a range of exciting gifts, chosen especially for you. Becoming member of this exclusive program is simple and easy. All you need to be a resident Indian national, aged 18 years or above and you should be an owner of Hero Honda scooter or motorcycle. Simply follow the steps outlined below and you can start experiencing the privileges of being a member of India’s largest rewards program.
Fill the fresh online application at the dealership. If you are a Hero Honda Passport member, kindly submit the Passport at the dealership.
Pay Rs. 150 for 1 yr membership or Rs. 250 for 3 yrs membership. You will be entitled for the accidental insurance cover equivalent to the time of your membership period.
On successful enrolment, you will receive a Hero Honda GoodLife membership card which will help you earn points on all your spends at Hero Honda dealerships and service centres. You can accumulate points and redeem them for a range exciting milestone rewards......................................................................................................................................................................................................
UPGRADATION PROCESS FOR EXISTING HERO HONDA PASSPORT MEMBERS
Our Customer Relationship Executive will help you with the conversion process at any authorized Hero Honda outlet. Simply fill in a fresh online application and deposit your Hero Honda Passport along with a nominal
fee and you will receive your Hero Honda GoodLife card in a short span. To know more contact the nearest dealership, Click to find dealers, call 1800112255 or write to us at [email protected]
CORPORATE SOCIAL RESPONSIBILITY (CSR)
STAKEHOLDER TIES AT THE GRASSROOTS
Hero Honda Motors takes considerable pride in its stakeholder relationships, especially ones developed at the grassroots. The Company believes it has managed to bring an economically and socially backward region in Dharuhera, Haryana, into the national economic mainstream.
An Integrated Rural Development Centre has been set up on 40 acres of land along the Delhi-Jaipur Highway. The Centre-complete with wide approach roads, clean water, and education facilities for both adults and children-now nurtures a vibrant, educated and healthy community.
The Foundation has adopted various villages located within vicinity of the Hero Honda factory at Dharuhera for integrated rural development. This includes:
Installation of deep bore hand pumps to provide clean drinking water. Constructing metalled roads and connecting these villages to the
National Highway (NH -8). Renovating primary school buildings and providing hygienic water and
toilet facilities. Ensuring a proper drainage system at each of these villages to prevent
water-logging. Promoting non-conventional sources of energy by providing a 50 per
cent subsidy on biogas plants.
Other key projects taken up by the Foundation include: Raman Munjal Vidya Mandir
The Raman Munjal Vidya Mandir began with three classes (up to class II) and 55 students from nearby areas. It has now grown into a modern Senior Secondary, CBSE affiliated co-educational school with over 1200 students and 61 teachers. The school has a spacious playground, an ultra-modern
laboratory, a well-equipped audio visual room, an activity room, a well-stocked library and a computer centre.
Raman Munjal Memorial Hospital
Multi-specialty hospital equipped with the latest diagnostic and surgical technology. The Raman Munjal Memorial Hospital provides healthcare to the rural population in and around Dharuhera, and also caters to accident and trauma victims driving along the Delhi-Jaipur highway. Raman Munjal Sports Complex
The Raman Munjal Sports Complex has basketball courts, volleyball courts, and hockey and football grounds are used by the local villagers. In the near future, sports academies are planned for volley ball and basket ball, in collaboration with National Sports Authority of India.
Vocational Training Centre
In order to help local rural people, especially women, Hero Honda has set up a Vocational Training Centre. So far 26 batches comprising of nearly 625 women have been trained in tailoring, embroidery and knitting. The Company has helped women trained at this centre to set up a production unit to stitch uniforms for Hero Honda employees. Interestingly, most of the women are now self-employed.
Adult Literacy MissionThis Scheme was launched on 21st September, 1999, covering the nearby villages of Malpura, Kapriwas and Sidhrawali. The project started with a modest enrolment of 36 adults. Hero Honda is now in the process of imparting Adult Literacy Capsules to another 100 adults by getting village heads and other prominent villagers to motivate illiterate adults. Marriages of underprivileged girls
Marriages are organized from time to time, particularly for girls from backward classes, by the Foundation by providing financial help and other support to the families.
Rural Health Care
Besides setting up a modern hospital, the Foundation also regularly provides doorstep health care services to the local community. Free health care and medical camps are now a regular feature in the Hero Group's community outreach program.
KEY POLICIES AN ENVIRONMENTALLY AND SOCIALLY, AWARE COMPANY
At Hero Honda, our goal is not only to sell you a bike, but also to help you every step of the way in making your world a better place to live in. Besides its will to provide a high-quality service to all of its customers, Hero Honda takes a stand as a socially responsible enterprise respectful of its environment and respectful of the important issues.
Hero Honda has been strongly committed not only to environmental conservation programmes but also expresses the increasingly inseparable balance between the economic concerns and the environmental and social issues faced by a business. A business must not grow at the expense of mankind and man's future but rather must serve mankind.
"We must do something for the community from whose land we generate our wealth." A famous quote from our Worthy Chairman Mr.Brijmohan Lall Munjal.
Environment Policy
We at Hero Honda are committed to demonstrate excellence in our environmental performance on a continual basis, as
To achieve this we commit ourselves to: Integrate environmental attributes and cleaner
production in all our business processes and practices with specific consideration to substitution of hazardous chemicals, where viable and strengthen the greening of supply chain.
Continue product innovations to improve environmental compatibility.
Comply with all applicable environmental legislation and also controlling our environmental discharges through the principles of "alara" (as low as reasonably achievable).
Institutionalise resource conservation, in particular, in the areas of oil, water, electrical energy, paints and chemicals.
Enhance environmental awareness of our employees and dealers / vendors, while promoting their involvement in ensuring sound environmental management.
Quality Policy
Excellence in quality is the core value of Hero Honda's philosophy.
We are committed at all levels to achieve high quality in whatever we do, particularly in our products and services which will meet and exceed customer's growing aspirations through:
Innovation in products, processes and services. Continuous improvement in our total quality management
systems. Teamwork and responsibility.
Safety Policy
Hero Honda is committed to safety and health of its employees and other persons who may be affected by its operations. We believe that the safe work practices lead to better business performance, motivated workforce and higher productivity.
We shall create a safety culture in the organization by: Integrating safety and health matters in all our activities. Ensuring compliance with all applicable legislative
requirements. Empowering employees to ensure safety in their
respective work places. Promoting safety and health awareness amongst
employees, suppliers and contractors. Continuous improvements in safety performance through
precautions besides participation and training of employees.
SALES PERFORMANCE STRONG UNDERLYING RETAIL GROWTH CONTINUES • STRONG UNDERLYING RETAIL GROWTH CONTINUES• BEGINS FISCAL ’11 WITH 2 NEW LAUNCHES – REFRESHED LAMOUR & GLAMOUR FI• CROSSES THE MILESTONE OF 1 LAKH VILLAGES ON COVERAGE UNDER THE RURAL INITIATIVE Aug'06 Aug'07 FY 06-07 FY 07-08
Total Sales 2,15,076 2,40,875 12,82,860 12,63,254 Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, continues to post monthly sales of over 3 lakh units. This is the 16th consecutive month that the company has reported three-lakh-plus sales.
The company today started the first quarter (April-June) of Financial Year (FY) 2010-11, with sales of 3,71,652 units in the month of April, 2010. Hero Honda had sold 3,70,575 two-wheelers in April last year.
Mr. Anil Dua, Sr. Vice-President (Marketing and Sales), Hero Honda Motors Ltd said, ““We have been witnessing a steadily growing demand for our products, and have been ramping up our production levels accordingly. However, as we have already informed, due to certain IR issues at our suppliers' end, we have faced an acute shortage of batteries for over two weeks in the month of April. As a result of this, our despatches have been adversely impacted and currently over 50,000 fully finished motorcycles are stranded at our plants for want of batteries. I am happy to inform that these issues have now been resolved and we have been assured of supply returning to normal within a week’s time."
Hero Honda’s retail sales continue on its robust growth trajectory. To further keep up this momentum, the company has introduced two models in April – the refreshed Glamour and Glamour FI. Both these models have been contributing significant volumes to the
company’s strong share in the deluxe segment, and the launch of the refreshes are set to further build on this leadership.
Hero Honda also recently crossed yet another significant milestone by covering 100,000 villages under its path-breaking rural initiative – “Har Gaaon Har Angan”.The umbrella platform for all rural initiatives which was launched in late 2007, has been instrumental in the steadily growing share of Hero Honda in the rural and upcountry markets, taking the contribution of sales from these markets to 42 per cent of the company’s total sales.
Hero Honda crossed several new milestones in the recently concluded fiscal (2009-10). The company posted a stellar top line performance with the total cumulative sales volume of more than 4.6 million units. Hero Honda also crossed the landmark million units in sales in each quarter of fiscal ’10, capping it off with the highest-ever quarter sales of 11, 86,536 units in the fourth quarter. The company also reported an excellent bottomline with its highest-ever annual revenues, net profit and earnings per share.HERO HONDA SCALES NEW HEIGHTS WITH HIGHEST-EVER MONTHLY SALES OF 4.35 LAKH TWO-WHEELERS GROWS BY 14% WITH SALES OF 4,35,933 UNITS IN MAY’10REPORTS 65% GROWTH IN SALES OF PLEASURE REFRESHED GLAMOUR & GLAMOUR F1 MODELS FUELLING GROWTH
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, has achieved yet another milestone with sales of 4,35,933 two-wheeler units – the highest-ever monthly sales in the history of the company. The previous record of monthly sales by the company was 415,137 units achieved in August 2009.The sales of 4,35,933 in May, 2010 is a robust 14 per cent growth over the corresponding month in 2009, when it had sold 3,82,678 units.Hero Honda has been constantly building on its leadership position in the domestic motorcycle market in the country and continues to demonstrate an upward trend with an enormous customer base. Mr. Anil Dua, Sr. Vice-President (Marketing, Sales & Customer Care), Hero Honda Motors Ltd said, “The 14 per cent growth in May is very satisfying, coming as it does over the high base of our sales last year. We have had significant contribution from all segments resulting in this achievement.
For example, our scooter Pleasure has recorded sales of over 24,000 units this month, growing at a healthy 65 per cent."Similarly, the refreshed models of Glamour and Glamour FI - introduced in April’10 - have also proved to be a great success in the deluxe segments, further contributing to our phenomenal numbers. Going forward, we intend to maintain our growth trajectory by reaching out to customers across all segments with renewed efforts and innovative initiatives."As the Presenting Partner of the nation-wide Queen’s Baton Relay to be held as a prelude to the Commonwealth Games, Delhi 2010, the company will be connecting with customers across regions in the next few months through this prestigious platform.Hero Honda is also undertaking several initiatives in line with the country’s efforts to play host to the Commonwealth Games for the first time. The company had organized a nation-wide search for Baton Bearers in the Queens Baton Relay through a contest held in the month of May across its dealerships. The winners will join the elite list of names participating in the QBR to be held from 25th June’10 to 3rd October’10 across the nation.
HERO HONDA REPORTS OVER 4 LAKH UNIT SALES IN JUNE & A RECORD QUARTERSELLS OVER 1.2 MILLION UNITS OF TWO-WHEELERS IN Q1’11
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today reported its highest-ever quarterly sales, and yet another month of sales exceeding four lakhs.
Close on the heels of over four lakh unit sales in May 2010, Hero Honda yet again repeated the feat, selling 4,26,454 units in June 2010 - a growth of 16 per centover the corresponding month in 2009, when the company had sold 3,65,734units.
Hero Honda’s cumulative sales for the Q1 (April-June) of FY’11 went up to12,34,039 units of two-wheelers – the company’s highest-ever quarterly sales. This is a 10 per cent growth over the corresponding quarter in FY’10 when Hero Honda had sold 11,18,987 units.
Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd. said, “We are quite happy with our solid performance in Q1’11 which has set a positive tone for the rest of the financial year. The 16 per cent growth in June is very encouraging, coming as it does on the back of the high base of
our sales last year. The growth is coming across all segments including our scooter Pleasure which is now contributing over 25,000 units every month to the overall volume.”
The recently-launched Glamour and Glamour FI have also been well-received by customers and driving the company’s volumes in the deluxe segment.
Hero Honda continues to invest in brand building by leveraging its strong association with various sports. Hero Honda is the Presenting Partner of the Queen’s Baton Relay, which is currently traversing the expanse of the nation in a run-up to the Commonwealth Games, Delhi 2010. The company has rolled out several unique initiatives involving customers, dealers and other stakeholders across regions, not only in cities and the rural hinterland of the country, but also in schools and educational institutions.
Hero Honda continues to build its customer base by continuously understanding and meeting the diverse needs of the market. In yet another validation of Hero Honda’s popularity amongst its customers, the company recently won the "Most Preferred Brand of Two-Wheelers" award at the CNBC Awaaz Consumer Awards.
HERO HONDA KEEPS CONSOLIDATING ITS LEADERSHIPREPORTS ITS THIRD CONSECUTIVE FOUR LAKH-PLUS MONTHLY SALESA NUMBER OF LAUNCHES LINED-UP LEADING UP TO THE FESTIVE SEASON
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, has set yet another new industry benchmark by recording its third consecutive month of four lakh-plus sales.
The company sold 4,27,686 units of two-wheelers in the month of July’10, a growth of 16.6 per cent over the corresponding month in 2009, when it had sold 3,66,808 units.
Hero Honda had recorded its all-time high monthly sales - 4,35,933- in May this year, followed by 4,26,454 units in June 2010.
Hero Honda’s July growth comes close on the heels of the company’s performance in the first quarter (April-June) 2010-11
when it posted its highest ever quarterly sales of 12,34,039 units of two-wheelers – which was the fifth consecutive quarter of a million-plus sales.
Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, “The four-lakh plus sales in July has set an upbeat tone for the beginning of the new quarter (July-September). As we move into the festive season in the coming months, we anticipate maintaining this buoyancy. We have a series of new launches planned in the coming months leading up to the festive season."
"The four lakh-plus sales for the third consecutive month has been possible because of growth coming in from all segments – entry, deluxe as well as premium and also in our Scooter sales which continue to grow at 60% growth rate. These numbers have come about even on the enormous customer base of last year, and despite the ongoing constraint in supply of components," he added.
As the Presenting Partner of the ongoing Queens Baton Relay, and aPartner of the XIX Commonwealth Games Delhi 2010, Hero Honda has lined up a series of initiatives to build excitement around the Relay. Hero Honda had organized a nation-wide Batonbearers Contest to provide the common man with a once-in-a-lifetime opportunity to participate in the prestigious Queen's Baton Relay. Hero Honda has also organised a unique ‘Dhadkanon Ki Rally’ for sports lovers which will see participation of more than 22,000 villages across the country. Simultaneously, with the objective of igniting the spirit of sports amongst children, Hero Honda is also organizing several school level track-&-field meets in more than 50 cities across the country to welcome Queen’s Baton Relay into each of these cities.
HERO HONDA REPORTS 4TH CONSECUTIVE MONTH OF FOUR LAKH-PLUS SALESNEW LAUNCHES IN FESTIVE SEASON TO CARRY FORWARD THE GROWTH MOMENTUM
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML)continues to consolidate its market leadership by recording its fourth consecutive month of four lakh-plus sales.
The company sold 4,24,617 units of two-wheelers in the month of August’10, maintaining its robust sales record and setting the pace for the upcoming festive season. Hero Honda’s sales in
Hero Honda has been consistently selling four-lakh plus two-wheelers, with May recording its highest-ever monthly sales of 4,35,933 units, followed by 4,26,454 units in June and 4,27,686 units in July.
Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, "The domestic two-wheeler industry remains buoyant and we expect growth to maintain this trajectory in the coming months. With GDP growth showing encouraging signs and most of the country having a good monsoon, the outlook seems positive for the industry. The first quarter GDP growth of 8.8 per cent has come on back of solid growth in the manufacturing sector, which is very encouraging. However, certain concerns such as high inflation and short supply of components continue to bother the two-wheeler industry in the near term.
"For us at Hero Honda, the record four lakh-plus sales for the fourth consecutive month, has set the tone for the festival season. We are looking to ride this buoyancy, having lined up a number of new launches to meet our customers’ expectations and bring a lot of excitement in the festive season."
The growth has been coming from across segments, including scooter where Pleasure has been driving robust volumes, selling more than 27,000 units in August.
In yet another validation of brand Hero Honda’s success in customer satisfaction, the company has been adjudged at top of the two-wheeler category in the Brand Equity Most Trusted Brands 2010 Survey. Hero Honda has also been ranked No. 3 Most Trusted Brand across categories amongst Young Adult Males. Significantly, Hero Honda is the only automobile brand to figure in the top 50 ranking of all brands across categories in the Survey.
HERO HONDA REPORTS ITS HIGHEST-EVER QUARTERLY SALES OF 1.28 MILLION UNITS• TOTAL CUMULATIVE SALES FOR H1 STANDS AT 25,19,983 UNITS• 5TH CONSECUTIVE MONTH WITH FOUR LAKH PLUS SALES• LAUNCH BLITZ CONTINUES TOWARDS FESTIVE SEASON
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd
(HHML), the world’s largest two-wheeler manufacturer, has yet again set another benchmark, recording its highest-ever quarterly sales.
In the Q2 (July-September) of FY’11, Hero Honda has recorded sales of12,85,944 two-wheeler units, a growth of nine per cent over the corresponding quarter in FY’10 when the company had sold 11,83,235 units.
The previous record of quarterly sales by the company was 12,34,039 units achieved in Q1 (April-June) of FY’11.
Hero Honda sold 4,33,641 units of two-wheelers in the month of September’10 – thereby reporting a record fifth consecutive month of four-lakh plus sales. These numbers – a growth of eight per cent – has come about despite the very high base of September last year, when the company had sold 4,01,290 units.
The cumulative sales for H1 of FY’11 stood at 25,19,983 units, a growth of 9.4 per over the corresponding period in 2009, when it had sold 23,02,222 units
Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, “The record sale in H1 of FY’11 is extremely encouraging as it has set the pace for the second half of this financial year. We have recently introduced two new bikes - the New Super Splendor and Splendor Pro - this month. Splendor Pro has brought in the biggest-ever change in Splendor since its launch. It comes with APDV engine with Advanced Pro-Series Digital Variable Ignition System. Leading into the festive season, we have lined up a couple of more launches - including a Limited Edition bike with the Commonwealth Games Delhi 2010 insignia - to coincide with the Games. This is part of leveraging our association with India's biggest sporting spectacle and to celebrate the spirit of the Games. With these slew of launches, high-decibel communication and activation, we are confident of doubling our pace of growth during the festive season."
Hero Honda has had a record sales run for the last few months. In the month of May, Hero Honda recorded its highest-ever monthly sales of 4,35,933 units, followed by 4,26,454 units in June, 4,27,686 units in July and 4,24,617 units in August.
HERO HONDA REPORTS HIGHEST-EVER SALES IN A MONTH WITH RECORD 5-LAKH PLUS UNIT DESPATCHES IN OCTOBER’10REPORTS SALES OF 505,553 UNITS IN OCTOBER
New Delhi, Monday, May 02, 2011: The festive fever is really catching on!Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today celebrated the festive mood by reporting record despatch sales of over half a million two-wheelers in just one month – in October this year.
The despatch sales of 505,553 units of two-wheelers in October’10 is a healthy42.7 per cent growth over the corresponding month in 2009, when it had sold 354,156 units. The previous record of highest-ever monthly sales was in May this year when Hero Honda sold 435,933 two-wheeler units.
Commenting on the record sales, Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, “This record of over half –a-million sales in a single month created by the company is extremely encouraging as it clearly demonstrates the confidence our customers have in our brands. Sales of over five lakh units in a month with a 42.7 per cent growth over the large base of the previous year is a testimony to the winning strategy that we have been following over the past few years. A refreshed product range coupled with innovative branding and marketing initiatives – particularly revolving around the Commonwealth Games Delhi 2010 - can duly be attributed to this success.
“FY’ 2011 has been a magnificent run for Hero Honda as we have been consistently scaling new heights. The company has been on a record sales run of over four lakh units each month since May, capping it off with the 5-lakh plus mark in October. Going forward, we are hopeful of continuing the momentum by staying true to the same winning strategy.”
The last six months have witnessed 6 new launches from Hero Honda comprising a mix of new models, variants and refreshes. Earlier this financial year, the refreshed models of Glamour and Glamour FI were introduced to strengthen company’s leadership in the deluxe segment. Besides the launch of the new Super Splendor and Hunk, the festive season also witnessed the launch of a new bike from Hero Honda, the Splendor Pro. Splendor Pro has brought in the biggest-ever change in Splendor since its launch. It comes with APDV engine with Advanced Pro-Series Digital Variable Ignition System.Yet another attraction has been the launch of Passion Pro Commonwealth Games Limited Edition. The bike was designed as a collector’s item in order to celebrate Hero Honda’s association with the Commonwealth Games Delhi 2010 and spread the flavor of
games amongst the sports-loving youth.
Hero Honda as a Presenting Partner of the Queens Baton Relay, and Partner of the XIX Commonwealth Games Delhi 2010 rolled out exciting initiatives which were aimed at mobilizing people and creating awareness. Amongst the various initiatives, one of the main attractions has been unique ‘Dhadkanon Ki Rally’ planned for sports lovers in rural India.
HERO HONDA REPORTS SALES OF 421,366 UNITS IN NOVEMBER’ 10REGISTERS 4-LAKH PLUS UNIT SALES FOR 7TH CONSECUTIVE MONTH
New Delhi, Monday, May 02, 2011: Keeping up the momentum set from the beginning of this fiscal, Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer today reported yet another month of bumper sales.
The company’s sales for the month of November 2010 stood at 421,366 units – a record seventh consecutive month of four-lakh plus sales. This is a growth of 10.5 per cent over the corresponding month in the previous year when Hero Honda had sold 381,378 units.
Hero Honda has been constantly building on its leadership position in the domestic motorcycle market in the country and continues to demonstrate a healthy upward trend even on a large customer base.
The company’s cumulative sales in the financial year so far (April-November’10) has now risen to 34,46,602 units, a 13.46 per cent growth over the corresponding period last year (April-November’09) when Hero Honda had sold 30,37,756 units.
Commenting on the sales, Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, "The four-lakh plus sales consistently recorded over the past seven months has imparted an excellent momentum to our sales for the rest of the year. It has been an all-round contribution from all the segments towards our growth – entry, deluxe as well as premium and also from the scooter segment. With unrelenting market demand for our products, we anticipate maintaining this buoyancy going forward."
The month of November also saw the hosting of Hero Honda
Women’s Indian Open 2010, thereby marking the company’s foray into women’s golf in the country. The Hero Honda Women’s Indian Open - tri-sanctioned by the Ladies European Tour, the Ladies Asian Golf Tour (LAGT) and Women's Golf Association of India (WGAI) - carried a prize purse of US $ 300,000, the highest ever for women’s professional golf in India.
HERO HONDA RECORDS 5 LAKH UNIT SALES IN DECEMBER CROSSING THE 5 MILLION MARK FOR THE CALENDER YEAR 2010BEST-EVER CALENDAR YEAR PERFORMANCE WITH RECORD 4-LAKH-PLUS SALES FOR CONSECUTIVE 8TH MONTHS THE MOST SUCCESSFUL QUARTER EVER WITH SALES OF 1.4 MILLION UNITS
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML), the world's largest two wheeler manufacturer continued its dominance of the Indian market with sales of 5 Lakh units in December, a surge of 33% over the corresponding month in '09. The company also registered its best calender year performance ever with cumulative sales of over 5 million units, up 16.2% from '09.
December also marked the most successful quarter for the company, with sales of 14,26,919 units, up 29% over the corresponding quarter in '09, where the company sold 11,05,838 units. HHML also achieved 4 Lakh plus sales for 7 consecutive months and capped it off with 5 Lakh sales in December.
Commenting on the performance, Mr. Anil Dua, Sr. VP (Marketing & Sales), Hero Honda Motors Ltd, said “This has been a great year for us with sales figures touching a new high. We have grown consistently which is also reflected in the sales, which have touched a new high. Our customers have continued to show confidence and faith in us and we will continue to build on this momentum in the future and deliver world class products. This calender year has brought tremendous sales growth for us, making it our best year so far, which is a testament of our strong strategy and planning. We will ensure that this strong trend continues in the future.”
The year also saw an impressive addition to an already strong product portfolio, of HHML, with the launch of a CWG games limited edition Passion Pro, designed as a collector’s item in order to celebrate Hero Honda’s association with the Commonwealth Games Delhi 2010. Also, Splendor saw its biggest make over with a all new Splendor Pro. Further to strengthen its position in the
deluxe segment, the company launched Glamour and Glamour FI, taking the total number of launches to 6 within this fiscal. All the models were very well received, evident from the high sales figure, throughout the year.
During the year, Hero Honda further reinforced its association with sporting events, through its role as a Partner of the Commonwealth Games and Presenting Partner of the Queen’s Baton Relay for the Commonwealth Games 2010. HHML also successfully presented yet another highly acknowledged edition of the Indian Open golf tournament.
The overall growth is also reflected with plans in the final phase to commence the fourth plan to keep up with ever increasing demand in the domestic market and international markets, going forward. Hero Honda also added to its already exhaustive network, increasing the tally to a remarkable xx.
HERO HONDA BEGINS THE NEW YEAR WITH A RECORD JANUARY SALES OF 4.67 LAKH UNITSNOTCHES UP 4.4 MILLION SALES FOR THE PERIOD APRIL – JANUARY, FY'11
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd (HHML), the world's largest two wheeler manufacturer, has begun the new year with yet another month of strong sales in January, carrying forward its growth momentum with an unprecedented 9th consecutive month of four lakh-plus sales.
The company’s sales figures for the month of January 2011 stood at 4,66,524, a growth of almost 20 per cent over the corresponding month last year, when it sold 3,89,802 units.
The cumulative sales of the company in the financial year so far, April – January'11, stood at 44,14,537. This is an increase of 16 per cent over the corresponding period last year, April – January'10, when the company sold 38,03,396 units.
Commenting on the performance, Mr. Anil Dua, Sr. VP (Marketing & Sales), Hero Honda Motors Ltd, said “Our strong sales for January have provided an excellent start to the new year and also helped continue the sales momentum of the last calendar year. This is the ninth consecutive month of four lakh-plus sales, coming on the back of five-lakh plus sales each in October and December 2010. Going forward, we aim to build on this strong trend and further consolidate our position as the
market leader.” The company also continued its strong endorsement and support to sports in the country with the Karizma ZMR Cricket Championship. Hero Honda, which is a Global Partner of the ICC, is currently hosting the championship across 75 cities in India and also in Colombo in Sri Lanka and Dhaka in Bangladesh, involving college cricket teams. The 28 final winning teams will get a chance to take a 'victory lap' during the forthcoming ICC Cricket World Cup matches, a dream-come-true for them.
Hero Honda's position as the leader in the Indian market has also been acknowledged by awards received for its performance in 2010. During the month of January, Hero Honda was awarded the “Two-wheeler Manufacturer of the Year” award by Bike India magazine. The company was also adjudged the “Bike Manufacturer of the Year” at the Economic Times ZigWheels Car and Bike Awards last month.
HERO HONDA SET TO ZOOM PAST RECORD 5 MILLION UNIT SALES INFY ‘10-11REPORTS HIGHEST EVER FEBRUARY SALES
New Delhi, Monday, May 02, 2011: Hero Honda Motors Ltd, the world’s largest two-wheeler manufacturer for 10 consecutive years, continues to be on a roll, recording its highest-ever February sales.
Hero Honda sold 4,72,055 units of two-wheelers in February 2011, representing a growth of more than 23% over the corresponding month last year, when the company had sold 382,096. This is also the 10th consecutive month of 4-lakh plus sales for the company.
With cumulative sales of 48,86,592 units so far in this fiscal, Hero Honda looks comfortably positioned to cross the initial guidance of five million sales, for the fiscal year '10-11. The cumulative sales represents a rise of almost 17% over the cumulative sales for the corresponding period last year, when Hero Honda sold41,85,492 units.
Mr. Anil Dua, Sr. VP (Marketing & Sales), Hero Honda Motors Ltd, said“Our performance throughout this fiscal has been very consistent and the strong February numbers are a positive indication for the growth to continue. Our scooter Pleasure continues to do exceedingly well, now clocking 30,000 volumes per month regularly. We are also leveraging our
association with ongoing ICC Cricket World Cup in several ways. In one such exciting initiative, aspiring young cricketers will get a lifetime opportunity to take a victory lap during the World Cup matches. Through brand building initiatives such as these, we continue to engage with our customers in new, exciting and relevant ways.”
Hero Honda, which is a Global Partner of the ICC, hosted the Karizma ZMR Cricket Championship across 75 cities in India and also in Colombo in Sri Lanka and Dhaka in Bangladesh, involving college cricket teams. The 28 final winning teams are getting an opportunity to take a 'victory lap' each during the ongoing ICC Cricket World Cup matches.
HERO HONDA REPORTS LEADERSHIP PERFORMANCE WITH 50 % NET PROFIT IN Q2, '08-09DEFIES INDUSTRY TREND WITH TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 3202 CRORE; EBIDTA AT 13.58 PER CENT
New Delhi, Tuesday, April 21, 2009: Highlights of Q2, FY'08-09
• Total turnover(Net sales & Other Operating income)Rs 3202 crores, growth of 35.6 per cent • Net profit after tax at Rs 306.30 crores, growth of 50 per cent • EBIDTA margin for the quarter 13.58 per cent• Total sales for Q2 stands at 9,72,095 units, growth of 28.5 per cent • Total sales for H1 stands at 18,66,349, growth of 19.7 per cent• Over 55 per cent share in domestic motorcycle market• Launches first-of-its kind music video to celebrate 25 years of Hero Honda
New Delhi, October 21, 2008: Hero Honda Motors Ltd (HHML), the world's largest two-wheeler company for seven consecutive years, today firmly reiterated its undisputed leadership in the domestic two-wheeler market with impressive bottom line growth for the second quarter (Q2) – July to September - of this financial year (FY) 2008-09.
Even as the industry continued to face tough market conditions on account of uncertainty over interest rates and overall credit squeeze, the company reported 50 per cent growth in profit after tax (PAT) at Rs 306.30 crore for the second quarter. Hero Honda's profit after tax in the corresponding period last fiscal (July - Sept, 2007-08) stood at Rs 204.33 crore.
Total turnover (Net sales & Other Operating income) grew to Rs 3202 crore, a growth of 35.6 per cent over Rs 2361 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 13.58 per cent in the quarter. The EBIDTA margin in the previous quarter (April - June '08) was 12.20 per cent.
The strong financial performance is in line with the company's better-than-industry top line growth. After posting a growth 11.38 per cent in the first quarter, the company kicked off the second quarter with a 39.8 per cent growth in sales in the month of July, and followed up with 26.8 per cent growth in August and 22.4 per cent in September. Hero Honda consistently keeps growing its share in the domestic motorcycle market, and currently enjoys over 55 per cent share.
Hero Honda's cumulative sales for the second quarter (Q2) this FY stands at 9,72,095 units - a growth of 28.5 per cent over Q2 last FY (2007-08). The cumulative sales for the first six months (H1) stands at 18, 66,339 units of two-wheelers compared to 15, 59,486 units sold in H1 in the last FY – reflecting a consistent 19.7 per cent growth in cumulative sales.
Dr. Brij Mohan Lall, Chairman, Hero Honda Motors Ltd, said "We are happy with our financial performance. It gives immense joy to see this kind of results in the 25th year of our company. I wish to thank all our stakeholders – customers, associates, dealer friends, ancillaries and also our joint venture partners Honda Motors Co – for their continuous support."
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "Our numbers speak for themselves. Even in this volatile and competitive environment, our top line continues to outpace the industry growth, our market share is at an all time high, and the financial balance sheet is a delight – all the factors which form the hallmark of a resilient company with cutting-edge management. We will continue to keep innovating – in bringing in technologically-superior products, in our network expansion, in brand building, in our financial management, and in our communication."
"Going forward, we will have to keep a close watch on the commodity prices movement, and other factors such as inflation, interest rate scenario and availability of retail finance. These factors will play a crucial role in the industry growth in the subsequent quarters," he added.
Hero Honda has already rolled out its festive season initiatives,
with the launch of four new models – the all-new "Passion Pro" and three refreshes of its existing models - new CBZ X-treme, a self–start version of Splendor NXG and the refreshed Pleasure. During the coming months, the company will further augment its product portfolio with new launches across segments.
Key Hero Honda brands continue to drive strong volumes across segments - CD Deluxe in entry segment, Glamour, the new Splendor NXG, Splendor + and Passion Plus in deluxe segment, and Hunk, CBZ X-treme and Karizma in the premium segment.
Celebrating its 25th year, Hero Honda released an innovative music video in the month of September. Titled "Hero Honda Dhak Dhak Go", and involving as many as eight brand ambassadors of Hero Honda, the music video has been receiving rave reviews.
Hero Honda recently won two very coveted awards - "The Most preferred Brand of two-wheelers" award at the recent CNBC Awaaz Consumer Awards 2008, and the "NDTV Profit Business Leadership Award".
CURRENT RELEASES Current News HERO HONDA REPORTS TURNOVER OF RS. 5161.66 CRORE FOR Q3’ IN FY’11 - Wednesday, February 2, 2011. HERO HONDA RECORDS BEST-EVER QUARTERLY SALES & TURNOVERIN Q211- Friday, Oct 29, 2010. HERO HONDA REGISTERS HIGHEST-EVER QUARTERLY SALES OF 1.2 MN - Tuesday, July 29, 2010. HERO HONDA POSTS RECORD ANNUAL REVENUES AND BOTTOM LINE FOR FISCAL 2010 - Wednesday, March 31, 2010. HERO HONDA RETAINS WORLD NO.1 TWO-WHEELER MANUFACTURER POSITION FOR THE 9TH CONSECUTIVE YEAR - Monday, January 25, 2010.
HERO HONDA POSTS ITS MOST PROFITABLE QUARTER, RIDING ON ROBUST TOPLINE SALES- Thursday, October 22, 2009. HERO HONDA POSTS ITS STRONGEST-EVER QUARTER IN Q1'10- Wednesday, July 29, 2009. HERO HONDA'S TRAIL BLAZING RUN CONTINUES UNABATED- Tuesday, April 21, 2009. GROWTH STORY CONTINUES AT HERO HONDA WITH EBIDTA AT 14.47 PER CENT IN Q3, 2008-09- Tuesday, January 20, 2009. HERO HONDA REPORTS LEADERSHIP PERFORMANCE WITH 50 % NET PROFIT IN Q2, '08-09- Tuesday, October 21, 2008. HERO HONDA BRINGS TOGETHER FOR THE FIRST TIME HRITHIK, SEHWAG, PRIYANKA, IRFAN PATHAN & RAJYAVARDHAN RATHORE IN A MUSIC VIDEO - Monday, September 15, 2008 HERO HONDA NET PROFIT ZOOMS 44 PER CENT, RIDING ON ROBUST SALES IN Q1, 2008-09- Tuesday, July 29, 2008. HERO HONDA NET PROFIT ZOOMS 44 PER CENT, RIDING ON ROBUST SALES IN Q1, 2008-09- Tuesday, July 29, 2008. HERO HONDA SET TO CONSOLIDATE MARKET LEADERSHIP WITH COMMENCEMENT OF PRODUCTION AT NEW PLANT IN HARIDWAR - Thursday, April 08, 2008. HERO HONDA REPORTS ROBUST BOTTOM LINE GROWTH IN Q4 TO MATCH ITS BETTER-THAN-INDUSTRY TOP LINE PERFORMANCE- Thursday, April 24, 2008. HERO HONDA PASSES ON EXCISE DUTY CUT BENEFIT TO CUSTOMERS- Saturday, March 1, 2008 HERO HONDA JOINS INDIAN PREMIER LEAGUE AS PARTNER
- Friday, February 22, 2008 HERO HONDA NET PROFIT ZOOMS 31% TO Rs 275 CRORE IN Q3 (FY 2007-2008) - Thursday, January 31, 2008. HERO HONDA BRINGS LEGENDARY ROCK BAND- Thursday, December 06,2007 HERO HONDA SET TO REWRITE THE BASICS OF THE PREMIUM SEGMENT - Wednesday, October 17, 2007 HERO HONDA WORLD NO 1 FOR SIX YEARS IN A ROW - Wednesday, January 31, 2007 Detail News
HERO HONDA REPORTS TURNOVER OF RS. 5161.66 CRORE FOR Q3’ IN FY’11
PBT STANDS AT RS 508.03 CRORE & PAT STANDS AT RS. 429.00 CRORE
EBIDTA MARGIN FOR THE QUARTER AT 11.17 PER CENT
TOTAL SALES FOR Q3 FY’11 STANDS AT 14,28,030 UNITS, GROWTH OF 28.49PER CENT
SEVENTH CONSECUTIVE QUARTER WITH MORE THAN A MILLION UNITS IN SALES
New Delhi, February 2, 2011: Hero Honda Motors Ltd (HHML), the World No.1 two-wheeler manufacturer for 10th consecutive year, today reported a total turnover (Net Sales & Other Operating income) of Rs. 5161.66 crores for the third quarter (October-December 2010) of FY’11, a growth of over 34.44 per cent over the corresponding period in the last fiscal (October-December 2009) of FY’ 10.
The company’s profit before tax (before exceptional items) for the period stood at Rs 587.87 crore, while profit after tax (PAT) for the period stood at Rs 429.00 crores. The company has recorded an EBIDTA margin of 11.17 per cent.
Hero Honda had registered its highest ever quarterly sales of
14,28,030 two-wheelers in the third quarter this fiscal, fuelled by its half million-plus unit sales in the months of October and December 2010. Hero Honda also for the first time crossed the five million unit sales during calendar year 2010, retaining the coveted status of World No.1 two-wheeler manufacturer for the 10th consecutive year.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said, “It has indeed been a very satisfying performance over the past several quarters. And now we are taking strides towards our larger vision, in keeping with the aspirations of a progressive India. The future looks bright and we will strive towards providing the best to our customers.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said “For the past few quarters, the industry has faced a multitude of issues with constraints in supply of components and rising input costs. Our margins have been under pressure on account of that. While we expect the market demand for two-wheelers to remain bullish and we are confident of carrying on our growth trajectory, we do foresee margins to remain under pressure in the short term.
“We, as a company, are also in the middle of a transition. Last week, we have signed the new licensing agreements with Honda. We are also close to finalizing the location for our fourth plant. We will shortly be making an announcement in this regard even as we keep adding further capacities at our existing three plants.”
Hero Honda is a Global Partner of the forthcoming ICC Cricket World Cup 2011 to be held in India, Bangladesh and Sri Lanka. To leverage the association, Hero Honda is hosting a Karizma ZMR Cricket Championship across 75 cities in India and also in Colombo in Sri Lanka and Dhaka in Bangladesh, involving college cricket teams. The 28 final winning teams will get a chance to take a 'victory lap' during the ICC Cricket World Cup matches, a dream-come-true for them.
HERO HONDA RECORDS BEST-EVER QUARTERLY SALES & TURNOVER
IN Q2’11
MILLION-PLUS UNITS SALES FOR THE SIXTH CONSECUTIVE QUARTER
TURNOVER (NET SALES & OTHER OPERATING INCOME) AT ALL-TIME HIGH OF RS. 4552 CR.
BLITZ OF NEW LAUNCHES TO CONTINUE TO DRIVE GROWTH & LEVERAGE FESTIVE DEMAND
Highlights of Q2, FY’10-11
Total cumulative sales for Q2 FY10-11 stands at 12,85,944 units, growth of 9 per cent
25lakh plus unit sales in H1 of FY’11, growth of 9.4 per cent
Total turnover (Net Sales & Other Operating income) Rs 4551.95 crores
Net profit after tax at Rs. 505.60 crores EBIDTA margin for the quarter 13.36 per cent Launches the all-new Splendor Pro and the New Super
Splendor
New Delhi, October 29, 2010: Riding on its record quarterly sales of 12,85,944two-wheeler units in the second quarter (July-September) of this fiscal, Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today reported its best-ever quarterly turnover.
Fuelled by its four lakh-plus sales in each month of Q2 of Financial Year (FY) 2010-11, Hero Honda registered a total turnover (Net Sales & Other Operating income) of Rs. 4551.95 crores. The company’s turnover in the corresponding period last fiscal (July-September 2009-10) was Rs 4069.60 crores.
The H1 (April-September) of FY’ 10-11 also witnessed another milestone in the onward march of Hero Honda as the company for the first time crossed the 25 lakh plus units of sales in one half of a fiscal year.
The company reported profit after tax (PAT) of Rs 505.60 crores and EBIDTA margin of 13.36 per cent. This was despite rising input costs, primarily steel and aluminum, as well as BS-III-linked product up-gradation costs. The company’s PAT for the corresponding period last fiscal was Rs. 597.14 crores.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “Hero Honda’s performance in the second quarter of this fiscal has again been very satisfying. The consistent numbers of four lakh every month for the quarter speak for the immense brand
strength that our products enjoy in the market place. I attribute this to the sterling effort being put in by all our associates.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd said, “We are delighted to report a record quarter with highest-ever numbers which is extremely encouraging, coming as it does in the face of enhanced marketplace activities and continued constraints in supply of certain components. A series of launches, marketing innovations and our association with India’s biggest sporting event Commonwealth Games Delhi 2010 have helped us drive the sales numbers sequentially. We are hopeful of continuing this buoyancy by further increasing our customer-reach and bringing in more launches in the balance months of the fiscal.”
Hero Honda in Q2 of FY’10-11 launched two new models. The all-new Splendor Pro was introduced to strengthen Hero Honda’s leadership in the deluxe segment. It comes with APDV engine with Advanced Pro-Series Digital Variable Ignition System. Besides this, the newly launched Super Splendor in the deluxe segment has also been received well. The company had also earlier announced two launches in the first quarter (April-June) as well.
The new launches are doing well and have been driving volumes for the company.
HERO HONDA REGISTERS HIGHEST-EVER QUARTERLY SALES OF 1.2 MN
REPORTS 5TH CONSECUTIVE QUARTER OF MILLION-PLUS UNIT SALES
TURNOVER (NET SALES & OTHER OPERATING INCOME) GROWS BY 12%
Highlights of Q1, FY’10-11
Total cumulative sales for Q1 FY10-11 stands at 12,34,039 units, growth of 10 per cent
Total turnover (Net Sales & Other Operating income) Rs 4296.61crores
Net profit after tax at Rs. 491.69 crores
EBIDTA margin for the quarter 14 per cent Fifth consecutive quarter of million-plus unit sales
New Delhi, July 29, 2010: Riding on its highest-ever quarterly sales of 1.2 million,Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today announced its first quarter (April-June) results for the Financial Year (FY) 2010-11, with continued market leadership and steady growth.
The Q1’11 also marked the fifth consecutive quarter registering sales of over one million two-wheeler units.
Fuelled by its all-time high monthly sales of 4.35 lakh unist (in May) and yet another four-lakh plus sales in June, Hero Honda registered a total turnover (Net Sales & Other Operating income) of Rs 4296.61crores. The company’s turnover was Rs 3829.16 crores in the corresponding period last fiscal.
The company reported profit after tax (PAT) of Rs 491.69 crores and EBIDTA margin of 14%, in the face of a steep rise in commodity prices in the first half of the quarter and additional expenditure incurred on account of conversion to new emission norms. The company’s PAT for the corresponding period last fiscal (April – June’ 09-10) was Rs 500.11 crores
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “The value systems ingrained in the very foundations of Hero Honda’s culture combined with our strong partnerships, dealer network, joint venture partners as well as customers’ confidence have continued to drive our success in the market. We are committed to adhering to the highest standards, and will continue to strive towards achieving new landmarks and milestones.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd said, “It has been a record quarter of highest-ever numbers, and we could have done even better but for the short supply of some components. On the other hand, it was a challenging quarter for the bottom line due to the rise in commodity prices. Switching over to the new emission norms also added to the expenditure, even as we witnessed substantial increase in input costs in the first half of the quarter.
“Going forward, we are striving to meet continuously rising demand of our products in the market. Accordingly, we are scaling up production in our existing plants to meet the expected market demand.”
Q1 of FY ‘11 witnessed growth from all segments of Hero Honda models. The refreshed models of Glamour and Glamour FI -
introduced in April’10 are doing very well in the deluxe segment. Sales of Pleasure have also recorded a growth of over 50 per cent and have crossed the threshold of 25,000 unit sales per month.
Hero Honda, as the Presenting Partner of the Queens Baton Relay, and a Partner of the XIX Commonwealth Games Delhi 2010, has initiated a slew of programmes to generate the spirit of sports and connect with customers across the country.
In yet another validation of Hero Honda’s popularity amongst its customers, the company recently won the “Most Preferred Brand of Two-Wheelers" award at the CNBC Awaaz Consumer Awards.
HERO HONDA REGISTERS HIGHEST-EVER QUARTERLY SALES OF 1.2 MN
REPORTS 5TH CONSECUTIVE QUARTER OF MILLION-PLUS UNIT SALES
TURNOVER (NET SALES & OTHER OPERATING INCOME) GROWS BY 12%
Highlights of Q1, FY’10-11
Total cumulative sales for Q1 FY10-11 stands at 12,34,039 units, growth of 10 per cent
Total turnover (Net Sales & Other Operating income) Rs 4296.61crores
Net profit after tax at Rs. 491.69 crores EBIDTA margin for the quarter 14 per cent Fifth consecutive quarter of million-plus unit sales
New Delhi, July 29, 2010: Riding on its highest-ever quarterly sales of 1.2 million,Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today announced its first quarter (April-June) results for the Financial Year (FY) 2010-11, with continued market leadership and steady growth.
The Q1’11 also marked the fifth consecutive
quarter registering sales of over one million two-wheeler units.
Fuelled by its all-time high monthly sales of 4.35 lakh unist (in May) and yet another four-lakh plus sales in June, Hero Honda registered a total turnover (Net Sales & Other Operating income) of Rs 4296.61crores. The company’s turnover was Rs 3829.16 crores in the corresponding period last fiscal.
The company reported profit after tax (PAT) of Rs 491.69 crores and EBIDTA margin of 14%, in the face of a steep rise in commodity prices in the first half of the quarter and additional expenditure incurred on account of conversion to new emission norms. The company’s PAT for the corresponding period last fiscal (April – June’ 09-10) was Rs 500.11 crores
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “The value systems ingrained in the very foundations of Hero Honda’s culture combined with our strong partnerships, dealer network, joint venture partners as well as customers’ confidence have continued to drive our success in the market. We are committed to adhering to the highest standards, and will continue to strive towards achieving new landmarks and milestones.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd said, “It has been a record quarter of highest-ever numbers, and we could have done even better but for the short supply of some components. On the other hand, it was a challenging quarter for the bottom line due to the rise in commodity prices. Switching over to the new emission norms also added to the expenditure, even as we witnessed substantial increase in input costs in the first half of the quarter.
“Going forward, we are striving to meet continuously rising demand of our products in the market. Accordingly, we are scaling up production in our existing plants to meet the expected market demand.”
Q1 of FY ‘11 witnessed growth from all segments of Hero Honda models. The refreshed models of Glamour and Glamour FI - introduced in April’10 are doing very well in the deluxe segment. Sales of Pleasure have also recorded a growth of over 50 per cent and have crossed the threshold of 25,000 unit sales per month.
Hero Honda, as the Presenting Partner of the Queens Baton Relay, and a Partner of the XIX Commonwealth Games Delhi 2010, has initiated a slew of programmes to generate the spirit of sports and connect with customers across the country.
In yet another validation of Hero Honda’s popularity amongst its customers, the company recently won the “Most Preferred Brand of Two-Wheelers" award at the CNBC Awaaz Consumer Awards.
HERO HONDA POSTS RECORD ANNUAL REVENUES AND BOTTOM LINE FOR FISCAL 2010
TOTAL CUMULATIVE SALES CROSS THREE CRORE
REPORTS REVENUES (NET SALES & OTHER OPERATING INCOME) OF RS. 4122.32 CRORES, NET PROFIT AFTER TAX OF RS. 598.81 CRORES & EBIDTA MARGIN OF 17.2 % IN Q4
Financial Results for Q4, FY’10
Total sales for Q4 stands at 11,86,536 units, growth of 18.9 per cent
Total turnover (Net sales and other operating income) Rs. 4122.32 crores, growth of 20.2 per cent
Net profit after tax at Rs. 598.8 crores, growth of 48.9 per cent
EBIDTA margin for the quarter 17.2 per cent
Financial Results for FY’10
Total unit sales of 46,00,130 two-wheelers, growth of 23.6 per cent
Total turnover (Net sales and other operating income) of Rs. 15860.51 Crores, growth of 28.1 per cent
Net profit after tax at Rs. 2231.83 Crores, growth of 74.1 per cent
Final dividend of 1500% or Rs. 30 per share on face value of each share of Rs. 2
EBIDTA margin for the year 17.4 per cent EPS of Rs. 111.77, growth of 74.1 per cent
New Delhi, April 19, 2010: Hero Honda Motors Ltd (HHML), world's largest two-wheeler manufacturer for nine consecutive years, today reported record financial results for
FY’10 with its highest-ever annual revenues, operating income and earnings per share.
The company’s total turnover (Net sales and other operating income) grew to Rs 15860.51 crores, a growth of 28.1per cent over Rs. 12382.25 crores recorded over the last fiscal. The company has recorded an EBIDTA margin of 17.4 per cent in this fiscal. The EBIDTA margin in the previous year (08-09) was 14.1 per cent.
Riding on robust sales growth of 18.9 per cent in the fourth quarter, Hero Honda’s total turnover (Net Sales & other Operating Income) grew to Rs. 4122.32 crores, a growth of 20.1 per cent over Rs.3430.41 crores, recorded in the corresponding quarter in last fiscal. EBIDTA margin for the quarter stood at a healthy 17.2 per cent.
Celebrating the strength of its operations and the resulting strong financial position, Hero Honda had recently announced a Special Silver Jubilee Dividend of 4000% or Rs 80 on each share of Rs 2 face value, which totals to a payout of Rs. 1869 crores. The dividend in percentage terms is the highest pay out by an Indian company to date.
Hero Honda has crossed yet another significant milestone – the total cumulative sales landmark of 30 million of two-wheelers. The company crossed this milestone in the month of March, 2010.
Hero Honda also crossed the landmark million units in sales in each quarter of fiscal ’10, capping it off with the highest-ever quarter sales of 11,86,536 units in the fourth quarter.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “Hero Honda’s strong foundation, value system and partnership with key stakeholders have been the key to the company’s continued success. These have engendered a growth culture within the company, which gives us a strong momentum in the market place. As in the past, we will continue to strive for further excellence in our pursuit of greater heights.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd said, “We are delighted with our outstanding full-year results with the highest ever annual revenues and EPS growth. We're also pleased to be able to celebrate this excellent financial performance with our shareholders through a Special Silver Jubilee
Dividend.
“Having closed the financial year ’10 with sales of 4.6 million units – way ahead of our original guidance of 4 million – we have now set ourselves very ambitious milestones for the fiscal ’11. I am confident that with the continuing growth momentum, strong capital structure and a number of strategic initiatives in the pipeline, we are well positioned to drive further growth in our business. In financial year ‘11, we look forward to a series of defining initiatives including aggressively expanding our geographical reach, building on our capacities and further augmenting our already strong brand portfolio.
“However, going forward, we will have to keep a close watch on the commodity prices movement, and other factors such as inflation and interest rate scenario. These factors will play a crucial role in the industry growth and profitability in days to come.”
Fiscal ‘10 witnessed Hero Honda launch nine new models across segments. All the new launches are doing well and have been driving volumes for the company. Sales of Pleasure have already crossed the 20,000 units per month threshold, and continue to grow further.
Hero Honda has been continuously investing in innovative and ground-breaking brand building initiatives. Taking forward its commitment to promote sports in the country, the company has been supporting various disciplines of sports from cricket and golf to hockey, football and Commonwealth Games. Hero Honda was the title sponsor of the Hero Honda FIH Hockey World Cup, held in Delhi in March. Hero Honda is also a partner of the Commonwealth Games Delhi 2010 and the Presenting Partner of the Queen’s Baton Relay.
Milestones and Achievements during FY’09
Continues with its industry leadership as the world’s largest manufacturer of two-wheelers as a single company for the ninth consecutive year
Crosses the landmark figure of 4 million cumulative sales in a single year – posts sales of more than a million units for every quarter in FY’10
Hero Honda 'Touch Points' cross 4200 in number as part of aggressive network expansion initiative
Launches 9 models in the fiscal including refreshes, variants and new models
Launches all new sporty and stylish Karizma ZMR
Keeps strengthening its presence in the scooter market, now selling over 20,000 units of Pleasure per month
Builds on its strong association with multiple sports – from cricket and golf to hockey, football and Commonwealth Games
Continues to tap rural & upcountry markets through dedicated ‘Rural Vertical’ with the visionary "Har Gaaon…Har Aangan" platform
Awards
Hero Honda adjudged “Company of the Year” 2009 by Economic Times Corporate Excellence Award
“Bike Manufacturer of the Year” 2009 by Zigwheels NDTV Profit Car India Bike India 2009“Bike Manufacturer
Award” Hero Honda Karizma ZMR wins “Viewers’ Choice” Award
at the NDTV Profit Car India Bike India Awards, 2009 Mr. Pawan Munjal adjudged NDTV Profit Car India Bike
India “Man of the Year” 2009 Award Dr. Brijmohan Lall, honored with the NDTV Profit Business
Leadership Lifetime Achievement Award 2009
HERO HONDA RETAINS WORLD NO.1 TWO-WHEELER MANUFACTURER POSITION FOR THE 9TH CONSECUTIVE YEAR
REPORTS THIRD CONSECUTIVE QUARTER WITH MORE THAN A MILLION UNITS IN SALES
PAT GROWS BY 78.3% TO Rs. 535.77 CRORE
TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 3827 CRORE; GROWS BY 32.82%, EBIDTA AT 17.27%
OVER 59% SHARE IN DOMESTIC MOTORCYCLE INDUSTRY
Highlights of Q3, FY'09-10
Total turnover (Net sales & Other Operating income) 3827.03 crores, growth of 32.82 per cent
Net profit after tax at Rs. 535.77 crores, growth of 78.34 per cent
EBIDTA margin for the quarter 17.27 per cent Total sales for Q3 stands at 11,11,372 units, growth of
29.56 per cent Third consecutive quarter with more than a million units in
sales
New Delhi, January 25, 2010: Hero Honda Motors Ltd (HHML), the world's largest two-wheeler manufacturer, today reported a profit after tax (PAT) of Rs.535.77 for the third quarter (Oct – Dec’09) of Financial Year (FY) 2009-10 - a growth of over 78.34% over the corresponding period in the last fiscal (Oct- Dec’08). The company has recorded an EBIDTA margin of 17.27 per cent in the quarter. The EBIDTA margin in the previous quarter (Oct - Dec'08) was 14.47 per cent.
YTD FY ’10 has been a remarkable year for Hero Honda with the company posting sales of over a million units and a PAT of over Rs. 500 crores in each of the quarters. With the third quarter of fiscal 2009, Hero Honda concludes the calendar year with record sales of over 4.4 million units, a growth of 22 per cent over the calendar year 2008 when the company had sold 3.6 million units. With this, Hero Honda has retained the coveted status of World No.1 two-wheeler manufacturer for the 9th consecutive year.
Riding on a record sales of more than a million units (34, 13,594) of two-wheelers –the third consecutive time that the company crossed the magic million mark in a quarter this year – Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 11708.91 crore, a growth of 31.05 per cent over Rs 8934.36 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 17.55 per cent in the nine months ending December 09. The EBIDTA margin in the corresponding previous period (April - Dec'08) was 13.44 per cent.
The company continued with its commendable top line performance as sales volumes were up 25.31% per cent during last nine months, while the industry grew by 20.05% per cent during the same period.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “Hero Honda’s strong foundation, the value system and partnership with all our stakeholders have been the key to our
continued success. I am delighted that the company has been making great strides in fulfilling its larger vision of a progressive India. I am confident that the company will continue with its sustainable contribution to making the dream of mobility for every individual in the country come alive.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said “It has indeed been a phenomenal year for us, as reflected in our both top line growth and bottom line performance. In view of the projected GDP growth and the continued success of the government schemes directed at rural infrastructure and employment generation, we are expecting market demand to remain bullish. Therefore, going forward, we would also have to look at further augmenting our installed capacity in our existing manufacturing plants, and also at the possibility of a new plant sometime in the near future”.
“Instead of resting on our laurels, we are indeed relentlessly working towards bringing more innovative, value-added products for our customers. As we enter the calendar year 2010, and the fourth quarter of FY’10, we remain quite optimistic on our performance. In the short term, however, we are closely monitoring the movement of commodity prices which are on an upward trajectory. The rising input costs, as indeed the retail financing situation, remain areas of concern for the industry.”
The consistent growth has been propelled by several factors. The company has been continuously investing in innovative and ground-breaking brand building initiatives. Taking forward its commitment to promote sports in the country, Hero Honda is going to be associated with four global sporting events in 2010 – Commonwealth Games, the title sponsor of the FIH Men’s Hockey World Cup 2010, to be held in Delhi in March, the team sponsor for IPL, and title sponsor for Hero Honda India Open ( Golf).
As part of its product strategy, every year the company launches 8-9 new models. In line with this, Hero Honda has so far launched six new models during this financial year– the ZMR, Limited Edition Splendor, and the new Hunk, the new Passion Pro, the new Pleasure and the new Splendor NXG. During the balance months of the financial year, the company will further augment its product portfolio with new launches across segments. The scooter ‘Pleasure’ has also been growing strongly, with more than 16,000 units being sold every month on an average
In an acknowledgement of the trust that customers across the country repose in the company, Hero Honda has recently been adjudged the “Company of the Year” 2009 by Economic Times
corporate excellence award, “Bike Manufacturer of the Year” 2009 by Zigwheels and NDTV Profit Car India Bike India 2009“Bike Manufacturer Award”. Dr. Brijmohan Lall, has also been honored with the NDTV Profit Business Leadership Lifetime Achievement Award 2009 and Mr. Pawan Munjal was adjudged NDTV Profit Car India Bike India “Man of the Year” 2009 Award.
HERO HONDA POSTS ITS MOST PROFITABLE QUARTER, RIDING ON ROBUST TOPLINE SALES
REPORTS ALL-TIME HIGH QUATERLY PAT OF RS. 597 CRORE
SECOND CONSECUTIVE QUARTER OF MORE THAN A MILLION UNIT SALES
TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 4059 CRORE; EBIDTA AT 18.3 PER CENT
Highlights of Q2, FY'09-10
Total turnover (Net sales & Other Operating income) Rs. 4059.44 crores, growth of 26.8 per cent
Net profit after tax at Rs. 597.14 crores, growth of 94.9 per cent
EBIDTA margin for the quarter 18.33 per cent Total sales for Q2 stands at 11,83,235 units, growth of
21.7 per cent Over 59 per cent share in domestic motorcycle market
New Delhi, October 21, 2009: With the second quarter (July-September) 2009-10 earnings at 94.9 per cent growth over the same period last year, Hero Honda Motors Ltd (HHML), the world's largest two-wheeler manufacturer, continues to set new milestones. The company’s highest quarterly earnings of all time at Rs 597.14 crores in profit after tax (PAT) represents the second consecutive record quarter of solid and growing revenues and profits.
Riding on the second consecutive quarter of record sales of more
than a million units (11, 83,235) of two-wheelers, Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs. 4059.44 crore, a growth of 26.8 per cent over Rs 3202.05 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 18.33 per cent in the quarter. The EBIDTA margin in the corresponding quarter (July – September FY 2008-09) was 13.58 per cent, and 17 per cent in the previous quarter (April – June FY 2009-10).
The company’s strong market position across geographies and customer segments coupled with the increasing demand for its winning brands resulted in the sales volume growth of a steady 21.7 per cent during the quarter.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “For the past more than 25 years, Hero Honda has been making great strides as a company. There is a growth culture embedded within the company, which gives us a strong reason to believe that the best is yet to come. We would like to thank our employees for their efforts and also extend our thanks to our customers, suppliers, dealers, and our joint venture partners, whose loyal support contributes immeasurably to the company’s ongoing success and its world leadership of the two wheeler industry.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said “I am delighted to share such outstanding results today as we post yet another consecutive quarter of solid execution, with record sales and the highest-ever revenue and earnings for the company. The company has been continuously reporting a strong balance sheet and solid cash flow. It is our sustained focus on innovation and operational efficiency across functions that has helped drive the sequential growth in our business. More than ever, this continued strong growth confirms the company’s undisputed leadership, resilience and growth potential.
“Sales in the second quarter have also benefited from our focus on introducing market leading products during the festive season. Hero Honda will continue to innovate further and deliver on its long term growth strategy.”
With over 59 per cent market-share in the domestic motorcycle market and with sales of over a million units for the second consecutive quarter, the robust top line growth has largely contributed to the strong bottom line growth.
2009 has proved to be a remarkable year for Hero Honda Motors Ltd. The company has been consistently reporting despatch sales
of more than 3 lakh units each month this calendar year, and for two consecutive months of August and September, sales crossed the landmark figure of more than 4 lakh two-wheelers.
One of the key pillars of Hero Honda’s winning strategy has been to consistently keep introducing new, advanced products and maintaining a balanced product portfolio. True to this strategy and with the objective of bringing added cheer to customers during the festive season, the company recently launched three new models. The new premium bike from the Hero Honda stable - the fuel injected ZMR has clearly turned out to be a favorite amongst bikers across the country. With the introduction of the ZMR, Hero Honda now offers as many as five models in the premium segment - Hunk, CBZ Xtreme, Achiever, Karizma and the ZMR. The company also introduced two more models – a refreshed version of the best-selling Hunk in the premium segment, and a Special Edition Splendor+ to commemorate the iconic brand’s landmark cumulative sales of One Crore. The company has lined up some more launches in the coming months.
Taking forward its commitment to promote sports in the country, the company recently hosted the 2009 edition of the Hero Honda Indian Open Golf with participation from international marquee players at the DLF Golf Club, Gurgaon.
Hero Honda is also going to be the title sponsor of the FIH Men’s Hockey World Cup, to be held in Delhi next year. With this, Hero Honda is now actively involved with the promotion of all major sports in the country – cricket, football, hockey and golf.
The company has been consistently receiving accolades this year as it won coveted awards across segments, for its products, innovation, and for exceeding customer expectations. The company was honored with the award of the “Most Preferred Two Wheeler Company” at the recent CNBC Awaaz Consumer Awards. Mr. Pawan Munjal, MD & CEO of the company was awarded the “CNBC TV18 Overdrive Man of the Year Award”. In August, Hero Honda was adjudged the “Company of the Year” at the prestigious Economic Times Corporate Excellence Awards 2009. This follows the “Most Trusted Brand” (two-wheelers category) 2009 award by Brand Equity, and “Trusted Brand” (Motorcycles) 2009 award by Reader’s Digest magazine. Hero Honda was also honored with the Dun & Bradstreet, Rolta Corporate Awards 2008 in the two-wheeler category.
HERO HONDA POSTS ITS STRONGEST-EVER QUARTER IN Q1’10
REPORTS ALL-TIME HIGH QUATERLY PAT OF RS 500.11 CRORE , RIDING ON RECORD MILLION UNIT SALES IN Q1
TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 3822.44 CRORE; EBIDTA AT 17%
DOMESTIC MOTORCYCLE MARKETSHARE GROWING UPWARDS OF ALL-TIME HIGH 59 PER CENT
Highlights of Q1, FY'09-10
Total turnover (Net sales & Other Operating income) Rs. 3822.44 crores, growth of 34 per cent
Net profit after tax at Rs. 500.11 crores, growth of 83 per cent
EBIDTA margin for the quarter 17 per cent Total sales for Q1 stands at 11,18,987 units, growth of
25 per cent Over 59 per cent share in domestic motorcycle market
New Delhi, July 29, 2009: Hero Honda Motors Ltd (HHML), the world's largest two-wheeler manufacturer, today reported its best-ever quarterly earnings of all time with Rs 500.11 crore profit after tax (PAT) in the first quarter (April-June) of Financial Year (FY) 2009-10.
Defying a sluggish economy and challenging market conditions, the company’s PAT grew by a robust 83.28% over the PAT of Rs 272.87 crores in the corresponding period last fiscal (April - June’09).
Riding on a record sales of more than a million units (11.18,987) of two-wheelers – the first time it crossed the magic million mark in a quarter – Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 3822.44 crore, a growth of 34 per cent over Rs 2851.04 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 17 per cent in the quarter. The EBIDTA margin in the previous quarter (April – June '09) was 12.23 per cent.
The company posted a stellar top line performance as sales volumes were up 25 per cent during the quarter, while the industry grew by 12 per cent during the same period.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “Our performance is a tribute both to Hero Honda’s values and the way in which they are implemented and gives us the confidence to be ever more rigorous in our approach. We would like to thank our customers, suppliers, dealers, employees and also our joint venture partners again for their faith in us and for their full support given in so many different ways.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said “We’re delighted to report our best quarter ever, with the highest revenue and earnings in Hero Honda’s history. The momentum from a strong FY’09 has gotten us off to an excellent start in FY’10. Our sales continue to be robust, and profitability has improved by a record 83%. Our ongoing focus on continuous innovation in every sphere of our business and fiscal discipline have allowed us to leverage our double-digit sales growth into robust earnings for the quarter. Our operating performance is excellent at both the top and bottom lines. Our balance sheet and liquidity position give us agility and flexibility in today’s weakened global economy and turbulent financial markets.
The speed and strength of our business model has injected strong momentum into our market positions and paced our growth. We will continue our dynamic development of the two-wheeler market by maintaining a strong focus on expanding the customer reach and by offering technologically superior products. We have a rigorous expansion plan in place.”
With over 59 per cent market-share in the domestic motorcycle market and with sales of over a million units in the quarter, the robust top line growth has largely contributed to the strong bottom line performance. Several other key factors such as cost rationalization across the board, softening of commodity prices, and tax benefits also contributed to the bottom line. The current quarter reflects a substantial tax benefit accrued on account of the company’s full utilization of the tax benefits available for the Haridwar plant, which resulted in bringing down the overall effective tax rate.,
The consistent robust top line performance has been driven by volume growth across segments and markets, aggressive brand building initiatives and rapid network expansion, reflecting the strong brands and continued expansion of new markets. Most of the recent launches such as Passion Pro, Splendor NXG self-start,
the special edition Hunk, the new Pleasure, in addition to the trusted Splendor + and Passion Plus, have been share-and-volume drivers for the company. Hunk and CBZ X-treme continue to help build on Hero Honda’s steadily growing share in the premium segment.
Hero Honda continues to invest in brand building utilizing not only new product launch and new corporate and brand campaign launch opportunities but also innovative marketing initiatives revolving around sports, entertainment (MTV Roadies, Campus Rock Idol, Saregama Pa) and ground- level activation. Hero Honda's legendary mileage has always given the company a key edge, and now this attribute of "fuel economy" has further been augmented with an innovative communication campaign.
Taking forward its commitment to promote sports in the country, Hero Honda recently signed up with the International Hockey Federation (FIH) to be the title sponsor of the FIH Men’s Hockey World Cup 2010, to be held in Delhi in March next. With this, Hero Honda is now actively involved with the promotion of all major sports in the country – cricket, football, hockey and golf.
The company was associated with the Indian Premier League (IPL), 09 as a partner at the central level. Additionally, it was also the main team sponsor of the Delhi IPL team – the Delhi Daredevils. Hero Honda was also one of the main sponsors of T20 World Cup, 09, which was held in England.
In an acknowledgement of the trust that customers across the country repose in the company, Hero Honda has recently been adjudged the “Most Trusted Brand” (two-wheelers category) 2009by Brand Equity, and “Trusted Brand” (Motorcycles) 2009 by Reader’s Digest magazine. It has also been honored with the Dun & Bradstreet, Rolta Corporate Awards 2008 in two-wheeler category.
RIDES ON ROBUST TOP LINE GROWTH & BOTTOM LINE PERFORMANCE
REPORTS 13 PER CENT VOLUME GROWTH, NET PROFIT AFTER TAX OF RS 402.17 CRORES & EBIDTA MARGIN OF 16.04% IN Q4
DIVIDEND PAYOUT OF RS 20 PER SHARE TO BUILD ON ITS DOMESTIC MOTORCYCLE MARKET
SHARE OF 57%
Financial Results for Q4, FY'08-09
Total sales for Q4 stands at 9,97,855 units, growth of 13 per cent, three times that of the industry growth during the period
Total turnover (Net Sales & Operating Income) Rs.3422.52 crores, growth of 22.24 per cent
Net profit after tax at Rs 402.17 crores, growth of 34.64 per cent
EBIDTA margin for the quarter 16.04 per cent
Financial Results for FY'09
Total unit sales of 37.22 lakh two-wheelers, growth of 12 per cent, more than double that of the industry growth during the period
Total turnover (Net Sales & Operating Income) of Rs. 12356.88 crores
Net profit after tax at Rs. 1281.76 crores Dividend of 1000 per cent EBIDTA margin for the year 14.16 per cent EPS of Rs. 64.19/-
New Delhi, April 21, 2009: Hero Honda Motors Ltd (HHML), world's largest two-wheeler manufacturer for eight consecutive years, continues to defy the sluggish trends across the economy to report a robust bottom line growth to match its impressive top line performance during the fourth quarter (January-March) of the financial year (FY) '09.
Riding on an industry-beating 12 per cent growth in sales volumes in FY'09, Hero Honda's total turnover (Net sales & Other Operating income) grew to Rs 12356.88 crores, a growth of 19.22 per cent over Rs. 10364.54 crores recorded over the last fiscal. The company has recorded an EBIDTA margin of 14.16 per cent in this fiscal. The EBIDTA margin in the previous year (07-08) was 13.33 per cent.The strength of the operations and the resultant strong financial position translates into a dividend payout of Rs 20 per
share, than the payout of Rs 19 per share in the last fiscal.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “ The Hero Honda value proposition stems from our deep understanding of the industry and the local market. The company continues to benefit uniquely from its strong customer and supplier relationships. Our performance is a tribute to all our stakeholders - our customers, our suppliers, our dealers, our employees and also our joint venture partners for their continuous support and faith in us." Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "FY'09 - our 25th Year - has been a path-breaking year for us. We continue to set new benchmarks even as recessionary trends and sluggish market situation afflict firms across the globe. We grew at 12 per cent during FY'09 even as the industry grew by mere five per cent. Our Q4 volumes growth - 13 per cent - was more than three times that of the industry growth of four per cent during the period. The dividend payout is in recognition of the company's strong financial performance and is indicative of the Board's confidence in the company's strategic direction. With more than 57 per cent share in the domestic motorcycle market, we are in the strongest position in the company's history.”
“This robust top line growth, combined with our operating margins, revenue trends and industry-leading growth is reflective of the winning strategy that we continue to execute with precision. The strategy is driven by innovation in every sphere of our activity, and we will build on this path to keep up the growth momentum in the new financial year as well," he added.
The stronger-than-industry growth has been driven by several factors including new product launches, refreshed product portfolio, robust performance of its brands across segments and an ever-expanding network across urban and rural markets.
Fiscal 2008-09 saw Hero Honda launch nine models across segments. With the new all-muscle and macho Hunk, and a sporty and stylish new CBZ X-treme, HHML strengthened its market presence in the 150cc segment. Hero Honda introduced self-start in the 100 cc range with its new launch Passion Pro. The "Power Start" variants were also introduced in CD Deluxe and Splendor NXG. In addition, the company also refreshed its successful Glamour, Glamour FI, Splendor NXG and Pleasure models
Innovative communication across media, leveraging properties such as sports and entertainment for brand building, and augmenting its distribution network to more than 3500 touch-
points also contributed significantly to the company's performance.
Milestones and Achievements during FY'09
Celebrates 25th year of Hero Honda's successful existence; and eight years of industry leadership as the world's largest manufacturer of two-wheelers by a single company in a calendar year
Crosses the landmark of 25 million cumulative sales in its 25th year of existence
Crosses the landmark retail sales of more than six lakhs two-wheelers in a month in October 08
Consistent growth in share in the domestic motorcycles market, taking it to an all-time high of over 57 per cent
Keeps consolidating its more than 10 per cent share in the domestic scooter market, selling an average of 12,000 units of Pleasure per month
Awards
Mr. Pawan Munjal was awarded the "CNBC TV18 Overdrive Man of the Year Award" at the CNBC TV18 Overdrive Auto Awards
Hero Honda also received four prestigious awards at the recently held NDTV Profit Car India Bike India Awards 2009
The Viewer's Choice Award for Passion Pro Two-Wheeler Manufacturer of the Year Award Best Integrated Campaign Award for Hero Honda
Pleasure The Best Brand Ambassador of the Year
Award to Priyanka Chopra for Pleasure
In addition to these, the company also won three other coveted awards -
Dun & Bradstreet Rolta Corporate Awards 2008 in two-wheeler category
The Most preferred Brand of two-wheelers award at the CNBC Awaaz Consumer Awards'08
The NDTV Profit Business Leadership Award for two-wheelers
DEFIES INDUSTRY TREND WITH TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 2881.27. CRORES; PAT AT RS 300.42 CRORES.
SHARE IN DOMESTIC MOTORCYCLES MARKET AT ALL TIME HIGH OF OVER 56%
Highlights of Q3, FY'08-09
Corporate Performance:
Total turnover (Net sales & Other Operating income) Rs 2881.27 crores, growth of 4.77 per cent
Net profit after tax at Rs 300.42 crores, growth of 9.24 per cent
EBIDTA margin for the quarter 14.47 per cent, up from 13.58 per cent in previous quarter (July-September’08)
Achievements:
Crossed the landmark retail sales of more than six lakh two-wheelers in a month in October
Retail sales during the quarter grew by 3.5 per cent compared to corresponding quarter in FY ’07-08
Growth of 11 per cent in two-wheelers despatch sales in the first nine months (April-December) this financial year
Over 56 per cent share in domestic motorcycle market
New Launches:
Launched seven new models this quarter - New CD Deluxe, New Passion Pro, Splendor NXG, New Pleasure, New Glamour, New Glamour FI and the all new CBZ X-treme.
New Delhi, January 20, 2009: Hero Honda Motors Ltd (HHML), the world's largest two-wheeler manufacturer, today carried its growth story forward in the third quarter (October-December) of the financial year 2008-09.
Reflecting its robust retail sales during the quarter, when the company sold a record six lakh two-wheelers during the month of October, Hero Honda reported Rs 300.42 crores of net profit after tax for the third quarter. The company’s profit after tax in the corresponding period last fiscal (October to December, 2007-08) stood at Rs 275.01 crores.
Even as the industry continues to reel under high interest rates
and an overall credit squeeze, Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 2881.27 crores, a growth of 4.77.per cent over Rs 2750.20 crores recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 14.47 per cent in the quarter. The EBIDTA margin in the previous quarter (July-September '08) was 13.58. per cent.
During the first nine months of this financial year (April-December’08), Hero Honda’s total turnover (Net sales & Other Operating income) grew to Rs 8934.36 crores, a growth of 18.1.per cent over Rs 7564.65 crores recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 13.44 per cent in the first nine months. The EBIDTA margin in the corresponding period (April– December’07) last year was 12.68 per cent.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said “Our performance is a tribute to the way we have positioned the company over the past several years. The results reinforce our confidence in Hero Honda’s ability to perform well under adverse market conditions. We wish to thank all our stakeholders – customers, associates, dealer friends, ancillaries and also our joint venture partners Honda Motors Co – for their continuous support and faith in us." Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "Our third quarter results reflect Hero Honda’s remarkable resilience in the current deteriorating business environment and also illustrate the benefits of the strategic initiatives that we have undertaken over the past couple of years. We have been able to deliver another solid quarter of strong earnings and improved operating margins.”
“We are celebrating 25 years of consistent growth and business success, driven by innovation and operational excellence. Looking forward, we will remain focused on further strengthening our industry leadership, while continuing to improve efficiencies in our business. We will continue to innovate in all areas of our business - technologically-superior products, network expansion, brand building, manufacturing excellence and financial management," he added.
Softening of commodity prices, cost rationalization across the board, strengthening of the premium product portfolio and a growing rural market have played key role in the company’s performance.
With over 56 per cent market-share, the company continues to enjoy the number 1 position and is consistently growing its share in the domestic motorcycle market. Hero Honda launched seven new models this quarter – the new CBZ X-treme in the premium segment, "Passion Pro Power Start”, new Glamour FI, new Glamour and a self–start version of Splendor NXG in the deluxe segment, new CD Deluxe in the entry segment and the refreshed Pleasure in the scooter segment. The scooter ‘Pleasure’ has also been growing strongly, with more than 12,000 units being sold every month on an average.
Hero Honda’s pioneering efforts in the two-wheeler industry have also been acknowledged by various entities. Mr. Pawan Munjal was recently awarded the“CNBC TV18 Overdrive Man of the Year Award”. The company also recently won three coveted awards - "The Most preferred Brand of two-wheelers"award at the CNBC Awaaz Consumer Awards 2008, and the "NDTV Profit Business Leadership Award” for two-wheelers.
HERO HONDA REPORTS LEADERSHIP PERFORMANCE WITH 50 % NET PROFIT IN Q2, '08-09
DEFIES INDUSTRY TREND WITH TURNOVER (NET SALES & OTHER OPERATING INCOME), AT RS. 3202 CRORE; EBIDTA AT 13.58 PER CENT
Highlights of Q2, FY'08-09
Total turnover (Net sales & Other Operating income) Rs 3202 crores, growth of 35.6 per cent
Net profit after tax at Rs 306.30 crores, growth of 50 per cent
EBIDTA margin for the quarter 13.58 per cent Total sales for Q2 stands at 9,72,095 units , growth of
28.5 per cent Total sales for H1 stands at 18, 66,349, growth of 19.7 per
cent Over 55 per cent share in domestic motorcycle market Launches first-of-its kind music video to celebrate 25
years of Hero Honda
New Delhi, October 21, 2008: Hero Honda Motors Ltd (HHML), the world's largest two-wheeler company for seven consecutive years, today firmly reiterated its undisputed
leadership in the domestic two-wheeler market with impressive bottom line growth for the second quarter (Q2) - July to September - of this financial year (FY) 2008-09.
Even as the industry continued to face tough market conditions on account of uncertainty over interest rates and overall credit squeeze, the company reported 50 per cent growth in profit after tax (PAT) at Rs 306.30 crore for the second quarter. Hero Honda's profit after tax in the corresponding period last fiscal (July - Sept, 2007-08) stood at Rs 204.33 crore.
Total turnover (Net sales & Other Operating income) grew to Rs 3202 crore, a growth of 35.6 per cent over Rs 2361 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 13.58 per cent in the quarter. The EBIDTA margin in the previous quarter (April - June '08) was 12.20 per cent.
The strong financial performance is in line with the company's better-than-industry top line growth. After posting a growth 11.38 per cent in the first quarter, the company kicked off the second quarter with a 39.8 per cent growth in sales in the month of July, and followed up with 26.8 per cent growth in August and 22.4 per cent in September. Hero Honda consistently keeps growing its share in the domestic motorcycle market, and currently enjoys over 55 per cent share.
Hero Honda's cumulative sales for the second quarter (Q2) this FY stands at 9,72,095 units - a growth of 28.5 per cent over Q2 last FY (2007-08). The cumulative sales for the first six months (H1) stands at 18, 66,339 units of two-wheelers compared to 15, 59,486 units sold in H1 in the last FY - reflecting a consistent 19.7 per cent growth in cumulative sales.
Dr. Brij Mohan Lall, Chairman, Hero Honda Motors Ltd, said "We are happy with our financial performance. It gives immense joy to see this kind of results in the 25 th year of our company. I wish to thank all our stakeholders - customers, associates, dealer friends, ancillaries and also our joint venture partners Honda Motors Co - for their continuous support."
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "Our numbers speak for themselves. Even in this volatile and competitive environment, our top line continues to outpace the industry growth, our market share is at an all time high, and the financial balance sheet is a delight - all the factors which form the hallmark of a resilient company with cutting-edge management. We will continue to keep innovating - in bringing in
technologically-superior products, in our network expansion, in brand building, in our financial management, and in our communication."
"Going forward, we will have to keep a close watch on the commodity prices movement, and other factors such as inflation, interest rate scenario and availability of retail finance. These factors will play a crucial role in the industry growth in the subsequent quarters," he added.
Hero Honda has already rolled out its festive season initiatives, with the launch of four new models - the all-new "Passion Pro" and three refreshes of its existing models - new CBZ X-treme, a self-start version of Splendor NXG and the refreshed Pleasure. During the coming months, the company will further augment its product portfolio with new launches across segments.
Key Hero Honda brands continue to drive strong volumes across segments - CD Deluxe in entry segment, Glamour, the new Splendor NXG, Splendor + and Passion Plus in deluxe segment, and Hunk, CBZ X-treme and Karizma in the premium segment.
Celebrating its 25th year, Hero Honda released an innovative music video in the month of September. Titled "Hero Honda Dhak Dhak Go" , and involving as many as eight brand ambassadors of Hero Honda, the music video has been receiving rave reviews.
Hero Honda recently won two very coveted awards - "The Most preferred Brand of two-wheelers" award at the recent CNBC Awaaz Consumer Awards 2008, and the "NDTV Profit Business Leadership Award".
Rag Rag Mein Bhar Ke Josh Naya, Kuchh Khaab Naye Aankho Mein Jaaga Rag Rag Mein Bhar Ke Josh Naya, Har Kadam Par Nayi Pehchaan Banaa”
HERO HONDA BRINGS TOGETHER FOR THE FIRST TIME HRITHIK, SEHWAG, PRIYANKA, IRFAN PATHAN & RAJYAVARDHAN RATHORE IN A MUSIC VIDEO
New Delhi, September 15, 2008: Celebrating its twenty fifth year, Hero Honda Motors Limited (HHML) is set to release an innovative music video today across all TV channels.
The music video features for the first time top achievers from
Bollywood and sports together to celebrate the 25th year of another high achiever – Hero Honda Motors – which has retained the coveted title of world’s largest manufacturer of two-wheelers for seven consecutive years.
In a casting coup of sorts, the company has roped in almost all its brand ambassadors to feature in the music video - Bollywood heartthrobs Hrithik Roshan and Priyanka Chopra; top cricketers such as Virender Sehwag, Irfan Pathan, Suresh Raina, Gautam Gambhir and Ishant Sharma; and ace Indian shooter Lt. Col. Rajyavardhan Rathore.
Titled “Hero Honda Dhak Dhak Go”, the blockbuster three-minute long video has been conceptualized by Draft FCB Ulka and produced by Ravi Udyawar who has several music videos to his credit, including the recent Strings' video featuring John Abraham, titled "Koi Aaney Wala Hai".
The catchy music track has been composed for a pan-India feel reflecting the brand’s reach. Composed by Ranjit Barrot and complemented by the voices of Shankar Mahadevan, Sukhwinder Singh and Shreya Ghoshal, it’s a perfect blend ofsufi and rock, the flavour of music that the youth a with today.
Shot at five different locations across the country and abroad, including Mumbai, Jaipur and Kuala Lumpur, the project was spread over a period of two months.
Mr. Anil Dua, Sr. Vice President (Marketing & Sales), Hero Honda Motors, says “In our 25th year, we feel very young and energetic, and hence the idea was to do something different, and not follow the stereotype. We wanted to celebrate the young and emerging India – an India which is confident of taking on the world. This India story is best reflected in the success of our young achievers from the field of cricket and entertainment. The storyline and lyrics convey this message very beautifully.”
“Hain Yuva Desh Ki Dhadkan Hum, Laakhon Karoron Saath Hain, Duniya Ko Dikha Dein Aapna Dum, Har Saapne Mein Vishvaas Hai, Bhar Le Dil Mein Iss Josh Ko, Dhak Dhak Go.”
HERO HONDA SET TO CONSOLIDATE MARKET LEADERSHIP WITH COMMENCEMENT OF PRODUCTION AT NEW PLANT IN HARIDWARA BEFITTING START TO THE COMPANY’S SILVER JUBILEE YEAR
Reiterates its commitment to support the economic development of Uttarakhand Haridwar, April 08, 2008: Hero Honda Motors Ltd. (HHML), the World No. 1 two-wheeler company for seven consecutive years, today further enhanced its undisputed market leadership by substantially ramping up its overall capacity with the commencement of production at its new manufacturing plant here.
Truly a “Shrine of Technology” in the Holy City of Haridwar, the latest state-of-the-art addition to the Hero Honda family of manufacturing facilities was today inaugurated by Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd. at a glittering ceremony in the presence of dignitaries including senior bureaucrats, business leaders, members of the media and a wide cross section of the company’s stakeholders.
Key Information on the Haridwar Plant
Initial installed capacity of 500,000 units, to be scaled up to a million units by end-2008
Initial investment of approx. Rs. 450 crores by Hero Honda, Rs. 150 crores more to be invested by end-2008
Capacity to be expanded to 1.5 million units by 2010, with a combined investment of Rs. 1,900 crores by Hero Honda & its ancillaries
Haridwar complex is the biggest of the three manufacturing set-ups of Hero Honda, spanning about 275 acres
Initial production level of 2000 vehicle units per day which would be scaled up to 4000 vehicles per day by the end of this year
100 ancillaries will be setting up their manufacturing base in Haridwar over the next two years. To begin with, 40 ancillaries will set up their facility in the Industrial Parks being specially developed for Hero Honda ancillaries.
A Shrine of Technology
One of the most technologically advanced automobile manufacturing plants in the country
New paint shop based on modern Acrylic Cathode Electrode Deposition technique
Being water-based paint, it is environment-friendly Several times more rust-resistant Uniform thickness, and hence greater gloss,
further enhancing the aesthetics
Entire shop floor is under single roof. It not only helps in synchronous line management but also enables better communication for more synergistic operations
Unidirectional material movement to ensure more effective and efficient logistics for managing material flow within the plant
Direct-on-Line (DOL) through a well-networked conveyor system for feeding components directly to the production line
A Green Plant
Hero Honda Haridwar plant is one of the greenest automobile plants in the country
The plant has 70 per cent of its area as green open spaces Approx 45,000 sq. mts of the plant roof area is being
converted into green roof through plantation The most contemporary effluent treatment and handling
equipment; there is zero discharge on liquid effluents
A Young Plant
The average age of employees in the plant is around 25 years. The employee strength is about 700 which is expected to grow to 2,000 by the year end.
Haridwar and surrounding areas contribute 75 per cent of the entire workforce.
A fully equipped training centre, the famed Hero Honda Gurukul, provides technical and non-technical training for the incumbent staff of the plant.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd., said, “This is a very momentous occasion for the entire Hero Honda family. It has indeed been a very fulfilling journey, which started from Dharuhera in 1985 to Haridwar today. None of this would have been possible without the unstinted support and cooperation of all our stakeholders. I take this opportunity to especially thank our customers who have reposed their faith in us and in our products for all these years. I would also like to thank the Uttarakhand State Government for its support all through the setting up of this plant.” Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said, “This plant in Haridwar is born out of our collective dream and vision for excellence. And what better time for this to happen than today, the onset of the silver jubilee year of our
company. This is the first major event in this 25th year, and there will be many more initiatives for our customers and other stakeholders all though the year. I have desired that this plant be our masterpiece. We have imbibed our experiential learning and contemporary practices in this ‘Shrine of Technology’. This plant sets new benchmarks in terms of lay-outs, processes, supply chain management, human resource management and most importantly environmental consciousness. This should truly be a center of excellence for the manufacturing industry in the country.”
The new plant will employ flexible production technique enabling production of different models in the Hero Honda portfolio. In addition to manufacturing for the domestic market, the plant will also cater to export requirements.
Hero Honda’s Haridwar plant will contribute significantly to the economic development of Uttarakhand. Hero Honda and its ancillaries have already generated direct employment opportunities for over 2000 people in the state. As the company expands its operations in the state, this number will grow further to over 7,000 people. Along with employment, emphasis has also been laid on training and learning. The plant has set up a Gurukul within the complex, which serves not only as a learning centre for all employees who join the plant, but also for their continuous development.
As a part of ‘Hero Honda We Care’, the company’s Corporate Social Responsibility (CSR) program, the company has lined up several initiatives that promise to bring about significant improvements in the lives of people residing in Haridwar and neighbouring areas.
A group company will be setting up a Technology Park, two Industrial Parks and a shopping mall within the plant complex over the next two years. Housing issues will be addressed with the construction of two residential complexes. Accessibility of quality healthcare and education are other priority areas, and accordingly the company plans to set up 200-bed hospital and a school within the plant complex. All this envisions creation of an industrial cluster in Uttarakhand which will multiply generation of wealth and prosperity in the region.
HERO HONDA NET PROFIT ZOOMS 44 PER CENT, RIDING ON ROBUST SALES IN Q1, 2008-09
Total sales for Q1 stands at 8,94,244 units, growth of 11 per cent
Near 55 per cent share in domestic motorcycle market New manufacturing plant at Haridwar, Uttarakhand, starts
production Total turnover Rs 2890 crores, growth of 16 per cent Net profit after tax at Rs 273 crores, growth of 44 per
cent EBIDTA margin for the quarter 11.99 per cent
New Delhi, July 29, 2008: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today reported an impressive bottom line growth to match its robust top line performance during the first quarter (April-June) of the financial year (FY) 2008-09.
Hero Honda reported 44 per cent growth in profit after tax (PAT) at Rs 272.87 crore for the first quarter of this financial year. Hero Honda’s profit after tax in the corresponding period last fiscal (April-June, 2007-08) stood at Rs 189.84 crore.
Total turnover (sales turnover plus other income, net of excise) grew toRs. 2890.25 crore, a growth of 16 per cent over Rs 2486.90 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 11.99 per cent in the quarter. The EBIDTA margin in the previous quarter (Jan-March ’07-08) was 14.77 per cent.
This strong financial performance comes close on the heels of the company’s good overall sales through the first quarter. Hero Honda kicked off the new financial year with a 9 per cent growth in sales in the month of April, and followed up with 9.5 per cent growth in May and 16 per cent in June. Indeed, Hero Honda’s share in domestic motorcycle market has been growing upward of 55 per cent.
Hero Honda’s cumulative sales for the first quarter (Q1) this FY stands at 8,94,244 units - a growth of 11 per cent over Q1 last FY (2007-08). Hero Honda had sold 8,02,853 units of two-wheelers in Q1 in the last FY.
The consistent performance comes on account of key Hero Honda brands driving strong volumes across segments – CD Deluxe in entry segment, Glamour, the New Splendor NXG, Splendor + and Passion Plus in deluxe segment and Hunk, CBZ X-treme and Karizma in the premium segment. Hero Honda’s scooter Pleasure has also been contributing to the volumes, with more than 10,000 units being sold in June this year.
According to Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, “This financial year is the 25th year of Hero Honda’s existence. We had a befitting beginning to the year with the inauguration of our new plant at Haridwar in April, which is going to substantially augment our installed capacity. This is a significant step towards our future growth. We remain committed to reach out to our customers across the country, and provide them with quality products. I also wish to thank our customers and all our stakeholders for reposing their faith in us, which is consistently reflected in our top line as well as our bottom line growth.”
Mr. Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said “We continue to demonstrate leadership performance - profitability in tandem with increasing market share. We have continued to invest in further spreading our distribution network, expanding into new markets in semi-urban, rural and upcountry areas; and in brand building initiatives through our customer focused advertising and leveraging our various properties such as cricket etc – resulting in strong top line growth. Simultaneously, we have continued to focus on all-round efficiency improvement and cost rationalization across the board. This two-pronged strategy has helped us maintain profitability, even as we continue to further consolidate our near 55 per cent share in the domestic motorcycle market.”
The industry, however, is severely impacted with the very high costs of raw materials such as steel, aluminum, copper and rubber; double-digit inflation and the continuing uncertainty over interest rates.
“Even amidst the current industry scenario, our strategy has succeeded in delivering growth and profitability. We will continue to follow our winning strategy to keep up the better-than-industry performance,” Mr. Munjal added.
HERO HONDA REPORTS ROBUST BOTTOM LINE GROWTH IN Q4 TO MATCH ITS BETTER-THAN-INDUSTRY TOP LINE
REPORTS NET PROFIT AFTER TAX OF RS 298.70 CRORES & EBIDTA MARGIN AT 53% PER CENT IN Q4
PLANS TO KEEP UP THE GROWTH TRAJECTORY WITH NEW LAUNCHES IN FY'08-09
New Delhi, April 24, 2008: Hero Honda Motors Ltd. (HHML), the world's largest two-wheeler manufacturer for seven consecutive years, today reported a robust bottom line growth to match its impressive top line performance during fourth quarter (January-March) of the financial year 2007-08.
Financial Results for Q4, FY'07-08
Total sales for Q4 stands at 884075 units, growth of 3.28% Total turnover Rs. 2843.79 crores growth of 5.95 % Net profit after tax at Rs 298.70 crores, growth of 53% EBIDTA margin for the quarter 14.77 %
Financial Results for FY'07-08
Total unit sales of 33,37,142 two-wheelers Total turnover of Rs. 10517 crores Net profit after tax at Rs. 967.88 crores Dividend pay out of 950 % EBIDTA margin for the year 13.06 % EPS of Rs. 48.47
Riding on the impressive tally of 33,37,142 two-wheelers it sold during the FY, the company reported a Profit after tax of Rs. 967.88 crores in this financial year (detail as per annexure attached) , even as the domestic two-wheeler industry remained sluggish on account of high interest rates and low availability of consumer finance. Hero Honda's sales surpassed its tally of previous year, further boosting its share in the domestic motorcycle market to more than 52 per cent, even as the industry saw a decline in domestic motorcycle sales by 12 per cent and overall two-wheeler sales by seven per cent during the financial year.
In a year which saw new launches and landmark achievements by the company, Hero Honda introduced several successful new models including the 150-cc Hunk in the premium segment, Splendor NXG in the deluxe segment, and refreshed Pleasure in the scooter segment which all went on to drive impressive volumes. The company also achieved the landmark of 20 million
(Two Crore) cumulative sales during the year.
Announcing the annual results here today, Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd., said "It is indeed highly satisfying to report such excellent financial numbers at the end of the financial year. As I have always maintained, our customers are the reason for our success. Our growth story has been driven by the immense faith our customers have reposed in our products. We stand committed to carry on with this approach."
Mr. Pawan Munjal, Managing Director & CEO, Hero Honda Motors Ltd., said "We have been able to improve our profitability in tandem with our increasing market share. All through the year, we have demonstrated a winning top line strategy by consistently gaining market share. Now these financial numbers are reflective of our strong focus on the bottom line and financial discipline. During the year, we have focused on all-round efficiency improvement. Several cost rationalization initiatives were also taken which have yielded excellent results in the improved bottom line.
"However, for the industry as a whole, the steadily rising input costs remain a concern area. The price of steel is at an all-time high, and the prices of other commodities are also on the rise. For more than a year, the industry has also been reeling under very high interest rates and lack of consumer finance. Going forward, we expect the government to address these issues for the industry to be able to make a turnaround," Mr. Munjal added.
HERO HONDA PASSES ON EXCISE DUTY CUT BENEFIT TO CUSTOMERSREDUCES PRICES ON ALL MODELS, RANGING FROM RS 1000/- TO RS 2400/-SALES 265,431 UNITS OF TWO-WHEELERS IN FEBRUARY
New Delhi, March 1, 2008: Passing on the excise duty cut benefit in Budget 2008 to customers, Hero Honda Motors Ltd (HHML), the world’s largest manufacturer of motorcycles, today reduced prices on all its models, ranging from Rs1000/- to Rs
The company, which sold 265,431 units of two-wheelers in the month of February, reduced the price of Splendor+ by about Rs 1300/- (ex-showroom Delhi) and on Karizma by about Rs 2400/- (ex-showroom Delhi). Similarly, the price of its best-selling 150cc bike Hunk has been reduced by about Rs 1800/- (ex-showroom Delhi).
Mr. Pawan Munjal, MD & CEO, HHML, said “Hero Honda has taken the voice of the customer to the government, and consequently the excise duty on two-wheelers has been reduced to 12 per cent from 16 per cent. This is a welcome move, and we are happy to pass on the entire benefit to customers. The reduction in excise duty cut will enable us to draw more customers to our fold, but the basic factors causing the industry slowdown still remain unattended. Credit financing has been withdrawn in some key markets, while interest rates on consumer loans also remain very high. This credit squeeze continues to be the most critical factor adversely impacting industry growth, and we still don’t see any indication from the banks and the government to address this concern. For the industry to make a turnaround and get back on the path of growth, the government has to address these key issues.”
HERO HONDA JOINS INDIAN PREMIER LEAGUE AS PARTNER
New Delhi, February 22, 2008: Hero Honda Motors Ltd. (HHML), the world’s largest two-wheeler manufacturer for the seventh year in a row, today signed on as partner for the Indian Premier League (IPL), scheduled to start from April 16, 2008 onwards.
Announcing this, Mr. Pawan Munjal, Managing Director, Hero Honda Motors Ltd. said, “We are delighted to be partner with the Indian Premier League, which further strengthens our close to two decade long association with cricket. Indian cricket, as indeed
cricket worldwide, is witnessing historic developments with the highly innovative concept of IPL, and we are happy to be a part of it. The Twenty20 format of the IPL is set to take cricket’s popularity to a new high and like all cricket lovers I am also looking forward to the forthcoming mega cricketing event.”
Mr. Lalit Modi, BCCI Vice President and IPL Chairman and Commissioner,said “We are happy to have Hero Honda Motors come on board as one of the partner. Hero Honda brings to the table its immense experience in the field of corporate association with cricket both at national and international level. Hero Honda’s association with IPL is going to add a lot of value to the entire event.”
Hero Honda has always been able to connect with the youth through the platforms of sports and entertainment. The company’s name has been synonymous with the game of cricket. Popular Indian cricketers such as Virendra Sehwag, Irfan Pathan, Suresh Raina are presently brand ambassadors for Hero Honda. HERO HONDA NET PROFIT ZOOMS 31% TO Rs 275 CRORE IN Q3 (FY 2007-2008)REPORTS TURNOVER OF Rs. 2795 CRORERECORDS EBIDTA OF 13.95%
Q3 Highlights
Corporate performance:
Consolidated over 50% share in the domestic motorcycle market
Reported highest ever sales in a month in October 2007 (365,022 units)
Crossed half a million retail sales in the festive season Closed calendar year 2007 with sales of over 33 lakh two-
wheelers
Achievements:
Retained the coveted position of World No 1 two-wheeler company for the seventh consecutive year
Crossed landmark sales of Two Crore bikes; celebrated the achievement with "Hero Honda BIKE-A-THON"- a nationwide marathon of Hero Honda bikes under the "Hero Honda Country" campaign
New Launches:
Launched two new models Hunk (150cc) & refreshed Splendor+ along with a Special Edition
Doubled volume and share in the premium segment - currently own almost 20% share
New Delhi, January 31, 2008: Hero Honda Motors Ltd. (HHML), the world's largest two-wheeler manufacturer, today reported 31% per cent growth in profit after tax (PAT) at Rs 275 crore for the third quarter (October-December) of this financial year (2007-08). Hero Honda's profit after tax in the corresponding period last fiscal stood at Rs 209.18 crore.
Total Turnover (sales turnover plus other income, net of excise) grew to Rs 2795.17 crores, a growth of 3.54 per cent over Rs 2699.63 crores recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 13.95% in the quarter. The EBIDTA margin in the previous quarter (July-September'07) was 12.39%.
This strong financial performance comes close on the heels of the company's good overall sales even in the face of the prevailing slowdown in the two-wheeler industry. Hero Honda's cumulative total turnover for the first three quarters (April-December 2007) of this financial year stood at Rs. 7673.43 crores.
Hero Honda's strategy for aggressive top line growth through new product launches, brand building initiatives backed by innovative communication has resulted in market share gain across every segment. Indeed, Hero Honda's share in domestic motorcycles market has been growing upward of 50 per cent, despite the slowdown in the two-wheeler industry.
According to Mr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd ., "Our performance during the third quarter of this fiscal has been very encouraging considering the current slowdown in the two-wheeler industry. We have been consistently reporting better-than-industry sales numbers, and it has also been reflected in our bottom line. We wish to thank all our customers and stakeholders for reposing their faith in our company and our products."
Mr. Pawan Munjal, Managing Director & CEO, Hero Honda Motors Ltd . said, "Given the industry slowdown scenario, we are very enthused by our robust financial numbers for the third quarter. However, this was not unexpected. We had undertaken some strategic initiatives since the beginning of this fiscal, including a conscious effort to rationalize costs across the board, and its results are now visible. Our bottom line has seen a
consistent improvement, and we have been able to demonstrate that it is possible to keep gaining market share while maintaining a robust bottom line.
"With input costs softening and our sharp focus on cost efficiencies, we should be able to further improve upon our financial results," he added.
HERO HONDA BRINGS LEGENDARY ROCK BAND
“THE SCORPIONS”
THE ICONIC ROCK BAND TO PERFORM LIVE IN MUMBAI & BANGALOORU AS PART OF THEIR “HUMANITY WORLD TOUR 2007-08”
New Delhi, 06th December 2007:- Fans of rock music in the country are in for a feast, as “Scorpions” are going to “Rock You Like a Hurricane”. As part of the legendary rock band’s “Humanity World Tour 2007-08”, Hero Honda Motors Ltd, the world’s largest two-wheeler manufacturer, is bringing Scorpions for pulsating live concerts in Mumbai and Bangalore this month. Fans have been eagerly looking forward to see the iconic German band, whose latest album “Humanity – Hour I”, released in May this year, has gone on to become a huge hit worldwide. The latest album comes 35 years after they hit global headlines with their debut album “Lonesome Crow” in 1972. In all these years, the Scorpions have produced some of the most popular albums such as “In Trance”, “Tokyo Tapes”, “Animal Magnetism”, “Savage Amusement”, “Face the Heat”, “Eye to Eye”, “Moment of Glory” and “Unbreakable”. Scorpions will perform at Mumbai on December 14th, and in Bangalore on December 16th. Humanity World Tour 2007/2008 takes the Scorpions right through Europe, North and South America and Asia. “Direct contact with our fans is our biggest source of inspiration,” says the band’s front-man Klaus Meine. “Music has been an integral part of our communication with the youth. And what better way to connect with our fans than to bring their all-time favourite band Scorpions closer to them! This is going to be a high point for music lovers in the country, after the very popular ‘Hero Honda Campus Rock Idols’, a nationwide contest of amateur rock bands.”“There are a lot of people who say that the classic concept album is dead. We don’t see it that way, so we are swimming against the tide again with our new “Humanity – Hour I” which is a mature
album, with lyrics that are often provocative and deal with the dark sides of the world we live in. At the same time though, we are sending our fans a positive musical message, telling them not let the insanity going on around us every day get them down”, explains Klaus Meine, who considersHumanity – Hour I to be the most powerful album since the global success of Crazy World in 1991. “We have delivered a strong body of work over the years and are more confident than ever,” says lead-guitarist Matthias Jabs.Fans all over the world seem to agree: above all in Asia and Eastern Europe, the Scorpions still fill the biggest stadiums every year, performing in front of hundreds of thousands of enthusiastic fans. In early March, the band returned to Moscow to give a concert in the Kremlin at the invitation of the Russian President – an honour granted to relatively few Western artists. But the Scorpions’ power-packed live shows have numbered among the events that sold out the fastest in the USA and Canada and many European countries for decades as well.
HERO HONDA SET TO REWRITE THE BASICS OF THE PREMIUM SEGMENT UNVEILS THE ALL MUSCLE, MACHO, 150CC "HUNK", TO AUGMENT ITS GROWING STRENGTH IN PREMIUM SEGMENT
New Delhi , October 17, 2007: The "Hero Honda Hunk" is here. And it is set to re-write the basics in the premium space of the Indian two-wheeler industry.
Hero Honda Motors Ltd (HHML) today augmented its steadily growing strength in the premium segment (150cc and above) by launching a new brand - the 150cc Hunk . Hero Honda has already doubled its volume and share in the premium segment during the period January - September 2007, while the overall share of Hero Honda in the domestic motorcycle market is currently more than 50 per cent.
Unveiling the new bike here, Mr. Brijmohan Lall, Chairman, HHML, said "With the launch of the 'Hunk', we have strengthened our product portfolio in the premium segment, so our customers looking for a higher-powered bike now have a large variety to choose from the Hero Honda stable only. True to our leadership position in the Indian two-wheeler market, we now have range of models in every segment of the market, to meet specific needs and requirements of customers."
Mr. Pawan Munjal, Managing Director and CEO, HHML , said "The 'Hunk' is our tribute to the Youth of India today - confident
and ready to take on the world. It personifies the very fighting spirit and resilience of our youngsters, who are making a mark for themselves in their chosen fields of vocation. Some of the key findings of our extensive research amongst the youth have been incorporated into the 'Hunk' to make it a complete package of world class technology, unprecedented features and stunning looks. I am sure there will be many more 'Hunks' on Indian roads soon."
The 'Hunk' will be immediately available for test drives and bookings through the company's wide network of dealers. It would be available commercially by the last week of this month.
With this, Hero Honda now has as many as four strong product offerings in the premium segment to meet all customer requirements within that space. While CBZ X-treme is the sporty, stylish bike, it's the new Achiever with alloy wheelswhich fits the bill for consumers looking for a stronger bike for commuting purpose. And then within that segment - there's the most aspirational bike on Indian roads - the new Karizma .
A sure-shot head-turner, the Hunk comes with never before features and looks:-
Product highlights:
150cc Engine, delivering raw power of 14.2 BHP @ 8500 RPM and a torque of 12.80 N-m @ even at a low RPM of 6500
Unmatched super acceleration of 0-60 Km ph in flat 5 seconds
New Generation "Advanced Tumble Flow Induction" (ATFI)Technology engine - which delivers the best balance of Fuel efficiency and Power
Advanced Microprocessor Ignition System -"AMI" with Multi Mapping Digital CDI along with "Carburetor controlled Variable Ignition" delivers the optimum Power, quicker throttle response and Fuel efficiency
Unique "Anti-Kick back" device prevents Kick back during starting - convenient, safe and effortless kick start
True to its name, "HUNK" is a Macho & Muscular machine designed for Bikers who love "HUNKY" styling:-
Styling elements:
Large Muscular fuel tank and Aerodynamic Tank Shrouds
Aggressive Visor and Trapezoidal Multi reflector Head light Muscular Rear Cowls Classic, 3 pod console with chrome ringed large
speedometer Stylish, Clear lens Multi reflector Indicators Large & inclined "HUNKY" Muffler Dual coloured Aircraft type fuel tank cap Matt Grey engine 5 Spoke black alloy wheels Raised Rear fender Contoured Saddle with Pillion seat hump Chrome finished 3 D " HUNK" Emblem Contemporary new Fuel Cock Aluminium Handle Bar holder cover - extra detailing to
enhance the solid & macho feel 5 Exciting body colours with 2 new colours - Panther Black
and Fighter Blue
Additional features:-
New 5 step adjustable "Gas Reservoir Suspension" - "GRS" for the smoothest and comfortable ride even in extreme rough road conditions.
Puncture resistant Rear Tuff -up Tube. 1325 MM long wheel base for solid stability. Wide 100 / 90 low aspect ratio Rear tyre. 240 mm front Disc Brakes as standard. Self Start option. 3 year / 40,000 kms warranty & 6 Free Service - Hero
Honda's assurance of Quality and Peace of mind for the user.
New Generation 10W30 SJ Grade, JASO MA Grade Engine oil for longer oil change intervals of 6000 kms - reduced maintenance cost and excellent cold starting ability.
HERO HONDA WORLD NO 1 FOR SIX YEARS IN A ROW
Turnover increases 15% to Rs 2700 crore for Q3 2006-07
Investments in capacity expansion, brand building and new models begin to yield results
New Delhi, January 31, 2007: Hero Honda Motors Ltd., (HHML) which has achieved the unique distinction of being the World No1 two-wheeler company for six consecutive years in terms of unit sales in a calendar year by one single company today announced
the financial results for the quarter ending December 31, 2006.
The Company clocked an impressive 896,113 units of two-wheeler sales during Q3¬ 2006-07, more than 12 per cent higher than 798,302 units sold in Q3 of 2005-06. This has resulted in Hero Honda’s market share in two-wheelers going up to 40 per cent from 39.5 per cent in the corresponding quarter previous fiscal. Turnover increased from Rs 2351 crore to Rs 2700 crore, a healthy growth of 15% per cent.
HHML significantly increased its investments in brand building initiatives which helped the company achieve world record dispatch and retail sales in the festive season. This coupled with rising input costs resulted in EBIDTA margin of 11.32% per cent. The profit before tax ( PBT) was Rs. 303.43 crore and profit after Tax ( PAT) was Rs 209.18 crores in Q3 of 2006-07 as compared to Rs 382.72 crore and Rs 261.78 Crores respectively in the corresponding quarter of previous financial year.
Mr. Pawan Munjal, MD and CEO, Hero Honda Motors Ltd., said "in this quarter, Hero Honda crossed significant milestones and received recognition from various quarters. We fulfilled our commitment to our customers by providing the latest technology and styling in our five new products launched in Q3 2006-07. Significant investment in marketing, coupled with current levels of raw material prices have impacted operating margins as we had predicted at the time of Q2 results announcement and subsequently."
Recap of Q3 2006-07The third quarter of 2006-07 witnessed significant action at Hero Honda - a new manufacturing facility, world record sales figures, an array of new launches across segments and recognition received from industry experts for innovations in product design and technology. In Q3 2006-07, the company aggressively focused on gaining market share via topline growth.
Record Sales NumbersPosted World record dispatch sales of 3.63 lakhs and retail sales of over 5.31 lakhs in October 2006.
Exciting New ProductsAggressive products launch strategy for increased market share across segments. Launch of five exciting new offerings in Q3:
Premium segment: CBZ X-treme set new standards in product design and performance in the 150cc premium segment. An exciting offering targeted at today’s youth, the fastest 150cc on Indian roads, has received a very
encouraging market response and will positively impact HHML’s share in the premium segment. The bike walked away with majority of the auto awards in this category.
Executive segment: Two best-sellers from HHML in their new avatar have captured the imagination of the market. These are the special festival edition of Passion Plus and the new Glamour with alloy wheels.
Entry segment: CD Delux and CD Dawn with all new engine and features and specifications customized for Indian conditions, have strengthened the company’s presence in the entry segment.
Capacity expansion to consolidate leadership State-of-the-art capacity expansion completed in existing
manufacturing plants New manufacturing facility at Haridwar in Uttarakhand
(Uttaranchal) coming up at fast pace, to start operation by the middle of this year with an initial capacity of 500,000
Aggressive initiatives in marketing and brand building ICC Champions Trophy Hero Honda Indian Golf Hero Honda ITA Awards Hero Honda Star Screen Awards Hero Honda Sa Re Ga Ma
Awards and accolades Hero Honda named amongst the top 10 companies in
India by the Asia 200 Leadership Report by the Wall Street Journal Asia
CBZ X-treme – Bike of the Year 2007 – BS Motoring Bike of the Year 2007 - Overdrive Magazine Bike of the Year - NDTV Profit Bike India & Car India Awards Bike of the Year (150 cc) NDTV Profit Bike India & Car India
Programmed fuel injection ( PGMFI ) – Bike Technology of the Year 2007
CD Delux – No 1 standard motorcycle – TNS Voice of the customer Awards 2006
Splendor + - No 1 Executive motorcycle - TNS Voice of the customer Awards 2006
Pleasure – No 1 Un-geared scooter- TNS Voice of the customer Awards 2006
