Budget Impact: Hero Honda reduces bike prices by Rs 2400
The country's largest two-wheeler maker, Hero Honda Motors Ltd, has finally reduced prices on all its models, ranging from Rs. 1000 - 2400.
The company has reduced the price of Splendor plus by about Rs 1300 (ex-showroom Delhi) and of Karizma by about Rs 2400 (ex-showroom Delhi).
Similarly, the price of its best-selling 150cc bike Hunk has been reduced by about Rs 1800 (ex-showroom Delhi).
Recently, the company has signed as a co-sponsor for Twenty20 Indian Premier League (IPL), scheduled to start from April 16.
The company has reported 31 per cent jump in net profit for the third quarter ended December 2007. For the period, company has posted consolidated net profit of Rs 275.01 crore versus Rs 209.18 cr on YoY basis.