Honda Motorcycle & Scooter India posts the lowest profit in 5 years

The country's largest scooter maker Honda Motorcycle & Scooter India registered 30% drop in its net profit for the year ended March 2020 at Rs 1,252 crore – its lowest profit in five years – driven by 15% decline in volume sales.

The company's revenues fell 9.6% to Rs 23,432 crore last fiscal as higher realisation and income from other operations helped partly offset the decline in volume sales, according to a director's report reviewing the FY20 results.