Record profit reported by Honda in Q1

Honda, the company which is continuously reporting amazing profit figures in India is repeating their same success story also in the global market. Honda Motor Corporation, which is the biggest two wheeler manufacturer of the world, has reported amazing profit figures in 1st quarter.



Strong demand in Asia and North America is the main reason behind this success story of the company. The company reported net profit of 71.59 billion yen (Rs. 4,600 crore approximately).

These figures are actually 61% hike in this first quarter, compared to the same period in the last fiscal year. This is simply stunning figures which is the dream of any of the companies.



Both the car and two wheeler segment has shown tremendous growth. Globally Honda has sold 3.45 million two wheelers for the January to March 2012 quarter there by registered growth of 17.8% compared to year ago period in the last year.