MUMBAI Jan 17 India's Hero MotoCorp Ltd
, the world's largest two-wheeled vehicle manufacturer,
missed estimates for the fourth straight quarter on Thursday as
net profit fell 20.4 percent on slowing motorcycle demand in
Asia's third-largest economy.
Hero said profit for the October-December period was 4.88
billion rupees ($89 million), below the average market
expectation of 5.69 billion rupees, according to Thomson Reuters
Net sales rose 2.8 percent to 61.51 billion rupees, above the
average analyst estimate of 60.54 billion rupees.
($1 = 54.7700 Indian rupees)
(Reporting by Henry Foy; Editing by Jijo Jacob)