City
Epaper

Hero MotoCorp halts production due to escalation in Covid-19 cases

By ANI | Updated: April 21, 2021 11:45 IST

Hero MotoCorp has decided to stop operations temporarily at all its manufacturing facilities in view of surging Covid-19 cases across the country.

Open in App

Hero MotoCorp has decided to stop operations temporarily at all its manufacturing facilities in view of surging Covid-19 cases across the country.

The company will utilise this time to carry out maintenance work at manufacturing plants.

"In keeping with its commitment to the safety and welfare of its people, Hero MotoCorp has decided to proactively halt operations temporarily at all of its manufacturing facilities across the country, including its GPC, in view of ongoing escalation in the spread of Covid-19 across the country," it said in a statement.

Each plant and GPC will remain shut for four days in a staggered manner between April 22 and May 1 based on the local scenario. All of the company's corporate offices are already in work from home (WFH) mode and very few members of staff are visiting offices on rotation to continue essential services.

"The shutdown will not impact the company's ability to meet demand, which has been impacted due to localised shutdowns in many states. The production loss will be compensated during the remainder of quarter," said the world's largest two-wheeler manufacturer.

All plants will resume normal operations after the short shutdown period.

Hero MotoCorp sold 18.45 lakh units in Q3 FY21, clocking a growth of 19.7 per cent over the corresponding quarter of previous fiscal. The sales surged after the nationwide lockdown was eased on the back of faster recovery in demand in rural areas and increased preference for personal mobility.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Gerber Products CompanyHero MotocorpHero motocorp ltd.Hero honda
Open in App

Related Stories

BusinessMotorcycle, Scooter Prices Increase: Hero MotoCorp To Hike Two-Wheelers Cost From July 1

BusinessHero Mavrick 440 Unveiled in India; Check Price, Specifications, Features and Availability

BusinessHero MotoCorp Launches Xtreme 125R in India; Check Price, Specifications, Features and Availability

BusinessED attaches Hero MotoCorp chairman Pawan Munjal's assets worth ₹24 crore

BusinessED raids Hero Motocorp chairman Pawan Munjal, shares plunge down

Business Realted Stories

BusinessGovt targets 100 GW of nuclear power capacity by 2047 to boost energy security

BusinessAdani Green surpasses $1 bn in EBITDA in FY25, RE capacity up 30 pc to 14.2 GW

BusinessPM Modi to address YUGM innovation conclave tomorrow

BusinessNippon Life India reports nearly 9 pc drop in net profit for Q4

BusinessIndustry veteran Pawan Kumar Goenka conferred with Padma Shri