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Hero MotoCorp to invest Rs 10,000 crore over next 5-7 years; stock down 2%, Auto News, ET Auto

Hero MotoCorp on February six claimed a seventeen.07 for each cent development in consolidated net profit to Rs 905.13 crore for the quarter finished on December 31, 2019. New Delhi: With an goal to produce the upcoming era of mobility soulutions, the country’s premier two-wheeler maker Hero MotoCorp on Tuesday reported it will make investments […]

Hero MotoCorp on February 6 reported a 17.07 per cent growth in consolidated net profit to Rs 905.13 crore for the quarter ended on December 31, 2019.
Hero MotoCorp on February six claimed a seventeen.07 for each cent development in consolidated net profit to Rs 905.13 crore for the quarter finished on December 31, 2019.

New Delhi: With an goal to produce the upcoming era of mobility soulutions, the country’s premier two-wheeler maker Hero MotoCorp on Tuesday reported it will make investments Rs 10,000 crore around the upcoming 5-seven decades.

In a regulatory submitting, Pawan Munjal, Chairman, Hero MotoCorp reported, “Over the upcoming 5-seven decades, we are aiming to produce the upcoming era of mobility options that are relevant to clients across the earth. To this finish, we have earmarked an investment decision of Rs 10,000 crore alongside with our ecosystem, which will be utilised in the direction of investigation and enhancement of alternative mobility options, modern, state-of-the-artwork, sustainable production amenities, community growth, and brand name making across the globe.”

As we enter a new decade, we are aiming at ushering in the upcoming wave of mass mobility that is accessible, easy and atmosphere-helpful, which is aligned with our rejuvenated Eyesight of ‘Be The Long term of Mobility’, he extra.

Hero MotoCorp on February six claimed a seventeen.07 for each cent development in consolidated net profit to Rs 905.13 crore for the quarter finished on December 31, 2019.It had posted a net profit of Rs 772.81 crore for the corresponding period of time of prior fiscal, Hero MotoCorp reported in a submitting to the BSE.

Earnings from operations stood at Rs seven,074.86 crore for the quarter beneath thought as from Rs seven,937.33 crore for the similar period of time calendar year in the past.

The shares of the organization shut one.35 for each cent lessen at Rs 2253.forty on BSE.

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