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India’s Hero MotoCorp posts Q4 profit rise on higher vehicle sales

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BENGALURU (Reuters) – India’s Hero MotoCorp Ltd, the world’s largest two-wheeler maker by sales, reported a 37% jump in fourth-quarter profit on Thursday, helped by higher vehicle sales in the domestic market.

Profit rose to 8.59 billion rupees ($105 million) for the three months ended March 31 from 6.27 billion rupees a year earlier.

($1 = 81.7250 Indian rupees)

(Reporting by Nishit Navin in Benagluru; Editing by Janane Venkatraman)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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