India’s largest motorcycle manufacturer Hero MotoCorp has reveal a 4.9 per cent drop in net profit to £68m in fourth-quarter financial results to 31 March — its third consecutive quarter of decline. Revenue in the period actually rose by 1.8 per cent to £723m but unit sales volume was down by 2.8 per cent.
Hero’s latest move to boost flagging sales is to offer a five-year or 70,000km warranty on all its motorcycles.