My Hero Honda

  • June 2020
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  • Words: 434
  • Pages: 11
History OF COMPANY

Founded Headquarters Key People

: January , 1984 : Haryana, India : Brijmohan lall Munjal (Chairman and Managing Director)

: Mr. Pawan Munjal, (MD & CEO, Hero Honda Motors Ltd) Industry

: Automotive

Produce

: Motorcycle, Scooters

vHero Honda Motorcycles limited WORLD’S LARGEST TWO-WHEELER

MANUFACTURER is an Indian manufacturer of motorcycles and scooters. vHero Honda is a joint Venture that began in 1984 between the Hero Group of India and Honda From Japan.

vIt has been the world’s biggest manufacturer of 2-wheeled motorized vehicles since 2001. vWhen it produced 1.3 million motorbikes in a single year. Hero Hondas splendor is the largest selling motorcycle its 2 plants are in Dharuhera and Gurgaon, both in Haryana India. vIt specializes in dual use motorcycles that are low powered but very fuel efficient.

FINANCIAL RESULT – 2009 2010 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

HERO HONDA ’ S TRAIL BLAZING RUN CONTINUES UNABATED q qRIDES ON ROBUST TOP LINE GROWTH & BOTTOM LINE PERFORMANCE q qREPORTS 13 PER CENT VOLUME GROWTH , NET PROFIT AFTER TAX OF RS 402 . 17 CRORES & EBIDTA MARGIN OF 16 . 04 % IN Q4 q qDIVIDEND PAYOUT OF RS 20 PER SHARE q qTO BUILD ON ITS DOMESTIC MOTORCYCLE MARKET SHARE OF 57 %

STRENGTHS

WEAKNESSESS

OPPORTUNITIES

THREATS

GROWTH of HERO HONDA

OBSERVATION For the first time that the joint venture company between Honda of Japan and the Hero group (promoted by the Munjals) has clocked over four lakh units in a single month. Sources say that this could well continue into September too when despatches will be high to meet the festive season demand. Hero Honda has constantly banked on its Splendor and Passion brands as its key growth drivers and the fact that customers still swear by them is a tribute to their durability despite stiff competition. The two Honda entities now have a vice-like grip in the Indian two-wheeler segment though both have entirely different priorities when it comes to their product range and customer profile. The idea is to steer clear of each other’s core competencies so that the customer base does not come under any threat. HERO HONDA ’ s coming out as a WINNER says a LOT !!!

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