Hero MotoCorp hikes prices
Hero MotoCorp on Thursday said its consolidated profit after tax increased by 31 per cent to Rs 811 crore for the fourth quarter ended March 31, 2023, riding on the back of robust sales.
Hero MotoCorp CEO Niranjan Gupta said the company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and product mix.
The country's largest two-wheeler maker reported a profit after tax (PAT) of Rs 621 crore in the January-March quarter of 2021-22 fiscal. Total income rose to Rs 8,672 crore in the period under review from Rs 7,628 crore in the year-ago period, Hero MotoCorp said in a regulatory filing.
The company reported sales of 12.70 lakh units in the fourth quarter, up 7 per cent, as compared with 11.89 lakh units in the same period of 2021-22 fiscal.
