Hero MotoCorp to undertake temporary suspension of manufacturing operations as precautionary measure

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 Global Parts Center (GPC), in view of the ongoing escalation in the spread of Covid-19 across the country.

The Company will utilize these shut-down days to carry out necessary maintenance work in the manufacturing plants. The shutdown will not impact the company's ability to meet the demand, which has been impacted due to localized shut-downs in many states and production loss will be compensated during the remainder of the quarter. All plants will resume normal operations post this short shutdown period.

Each plant and GPC will remain shut for four days, in a staggered manner between April 22 - May 1 basis the local scenario.

All corporate offices of the company are already in Work from Home (WFH) mode and very limited colleagues are in offices on rotation basis for continuity of essential services.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2824.2 as compared to the previous close of Rs. 2786.55. The total number of shares traded during the day was 34223 in over 3423 trades.

The stock hit an intraday high of Rs. 2847.85 and intraday low of 2800. The net turnover during the day was Rs. 96769348.

Source : Equity Bulls

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