Mar 01, 2013, 07.10 PM IST
Country's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.
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Hero MotoCorp reports 4% fall in February sales
Country's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.
Like this story, share it with millions of investors on M3
Hero MotoCorp reports 4% fall in February sales
Country's largest two-wheeler maker Hero MotoCorp today reported a decrease of 4.24 per centin its sales at 5,01,271 units in February 2013. The company had sold 5,23,465 units in February 2012, Hero MotoCorp said in a statement.
Also read: Labour pangs for Hero Motocorp; 5 workers on hunger strike
Hero MotoCorp Senior Vice President (Marketing and Sales) Anil Dua said: "Selling over five lakh units despite the overall sluggishness in the market is an encouraging sign of customer preference and sustained demand for our products in the market. However, overall sentiment in the industry still
remains weak."
The industry did stage some recovery during the festival period but does not seem to have sustained the momentum, he added.
"High interest rates, persistent inflation and delayed monsoon have all played their part in building to a rather poor consumer sentiment this fiscal," Dua said.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
reaction on: Business
Govind Shrikhande
MD | Shoppers Stop
reaction on: Business
Gaurav Gupta
Sr Director | Deloitte
What got Cheaper / costlier?
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