Hero MotoCorp clocks 36 pc rise in Q1, net profit at Rs 1,123 crore
The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
Country’s major two-wheeler maker Hero MotoCorp on Friday launched BS-VI compliant version of its popular Splendor+ motorcycle with price starting at Rs 59,600.
In an official statement, the company said that it also introduced BS-VI versions of its two scooter models, Destini 125 and Maestro Edge 125 with price starting at Rs 64,310 and Rs 67,950 (all prices ex-showroom Delhi) respectively.
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Hero MotoCorp Head – Global Product Planning Malo Le Masson said, “With Splendor+ BS-VI, the updated Destini 125 BS-VI and Maestro Edge 125 BS-VI, we have migrated almost our entire portfolio shift to BS-VI norms, well ahead of the deadline.”
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The statement added that the new products have been designed and developed completely in-house at the company’s R&D hub – the Center of Innovation and Technology (CIT) at Jaipur.
(With input from agencies)
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