Hero MotoCorp extends closure of manufacturing plants and other facilities by another week

In view of the prevailing Covid-19 situation across the country, Hero MotoCorp - the world's largest manufacturer of motorcycles and scooters - has decided to extend the shutdown at its manufacturing facilities across India, 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.

This is also in keeping with its commitment to the safety and welfare of its people and to break the chain of the spread of Covid-19.

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.

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.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2856.3 as compared to the previous close of Rs. 2913. The total number of shares traded during the day was 86035 in over 7829 trades.

The stock hit an intraday high of Rs. 2992.2 and intraday low of 2820.5. The net turnover during the day was Rs. 247118738.

Source : Equity Bulls

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