Hero Honda Motors Buy Sell Tips Report Discussion
Hero Honda Motors Limited is a reputed and successful joint venture between India and Japan. Hero group of India and Honda of Japan are the two parties in this venture. It was founded on 19th January, 1984 at Gurgaon, Haryana, India. The headquarters are located at New Delhi, India. It is an automotive industry with motorcycles and scooters as the prime products in its business portfolio. It is a leader in producing two-wheeler motorized vehicles worldwide.
As per the company annual reports for the year 2008-09 Hero Honda Motors Limited has recorded 3.28 million sales of bikes. The net profit for the period has been mentioned as Rs. 1281.7 crores. The net profit has seen a whopping rise of 32% from the previous fiscal year figures.
The company has the world’s largest selling motorcycle in its portfolio which is Hero Honda Splendor. Every year more than one million Splendor units are sold out. It earned the reputation of getting included in the Forbes 200 most Respected companies list of 2006 at the position 108.
For short term traders in the Indian stock market Hero Honda Motors Limited is a favourite choice; although it is not that bad in the long term view too.
In the 1980s Hero Honda grabbed the market with the introduction of affordable and fuel efficient motorcycles.
The company primarily has three manufacturing units. They are situated in Haridwar in Uttarakhand and Gurgaon & Dharuhera in Haryana. The total annual capacity of these three units is approximately 3.9 million bikes. The company has a huge network of more than 3,000 dealerships and service points all over India.
The various models produced by the automobile company over all these years include
- CD & Splendor-5 variants each
- CBZ & Pasion-3 variants each
- Ambition, Glamour, Karizma-2 variants each
- Achiever
- Hunk
- Joy
- Pleasure
- Street
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