Hero MotoCorp, India's largest two wheeler company reported a very unlike result in their Q4 results. The company still has good profits, but its profit margin has declined.
The company is facing stiff competition from many of the companies including foreign companies. The main opponent of the company is its former partner, Honda group.
The company spent 13% higher on raw materials in the Q4. Reports are indicating that Hero's profit margin declined to 10.1% in the quarter ended Mar 31 from 10.3% in the previous three-month period.
Bajaj Auto, Suzuki Motor Corporation and Yamaha Motor are also putting forward a sensational competition for the World's largest two wheeler manufacturer.
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