Hero MotoCorp Ltd Share Price Update – The two-wheeler maker has informed the exchanges that it gearing up to restarting production operations, commencing operations in a graded manner at its plants in Gurugram, Dharuhera and Haridwar. Operations will also resume at the Global Parts Center at Neemrana in Rajasthan.
The company’s other plants have also obtained necessary permissions to reopen and will resume after most supply chain partners get permissions to operate, the release said.
The company said that it did not manufacture or dispatch any vehicle to dealers in the month of April.
With the easing of restrictions in several parts of the country, most of the Company’s extensive customer touch-points, including dealerships, workshops and the secondary network, are expected to open gradually from today.
Statement From Hero Moto
Shares fell as much as 8.3 percent to Rs 1,985 on the National Stock Exchange, snapping a five-day gaining streak.