Hero Motocorp extends closure of its plants till May 16

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New Delhi: In view of the sharp rise in COVID-19 cases, Hero Motocorp has decided to extend the shutdown at its manufacturing facilities across India including its Global Parts Center (GPC) in Neemrana and its R&D facility – the Centre of Innovation and Technology (CIT) in Jaipur – by another week, till May 16, 2021.

“The company is continuously monitoring the situation and is ready with its business continuity plans to be able to quickly resume and scale up operations as and when the situation improves” the company said.

Hero MotoCorp had proactively halted the plant operations temporarily in a staggered manner for four days from April 22-May 1, which was then extended till May 9. All corporate offices of the company have already been in Work from Home (WFH) mode.

The Company had reported Consolidated Revenue of Rs.8,690 Crore and net profit of Rs.885 Crore for the March 2021 quarter. The Company had sold a total of 15.68 lakh units of two-wheelers during the Q4’21, registering a growth of 18.5% over the corresponding quarter in the previous year.

In April, the company had sold 372,285 units of Motorcycles and scooters.

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