ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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had by the end of 1993-94 nine lakh motorcycles on the road thus making it the largest 100cc motor cycles family in the world.
The company' s research and development expenditure is of a revenue nature and hence has not been shown separately. Nevertheless the department was successful in launching a new model Splendor which would be progressively made available throughout the country. The company has achieved cost reduction through value engineering and indigenisation of imported components. The company plans to develop more fuel efficient/ high power models for different market segments. Hero Honda has also bagged the award for quality for the year.

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