Key highlights:

  • Hero MotoCorp incurred a Rs 50 crore loss due to GST transition
  • The management undertook efforts to mitigate the loss due to GST transition
  • Loss was negated by lower advertising spends by Hero MotoCorp

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Hero MotoCorp incurred a Rs 50 crore loss due to the transition to the goods and services tax (GST). 

The company's management in a conference-call said that they undertook efforts to mitigate the loss due to GST transition resulting into Rs 50 crore loss during the quarter, according to a KRChoksey Research report.

Hero Motocorp's Q1 net profit at Rs 914 crore; two-wheeler sales up 6%

  • Hero MotoCorp sales rise by nearly 9% in May; commences production at Bangladesh plant
  • Despite five months of best ever sales, Hero MotoCorp sold only 31,600 more bikes last year
  • Hero MotoCorp cuts prices to pass on GST benefits

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