Hero MotoCorp to ramp up production from Monday, May 24

Hero MotoCorp - the world's largest manufacturer of motorcycles and scooters - is gearing up towards a gradual resumption of operations by starting production at all its manufacturing plants in India from Monday, May 24th.

The Company had already commenced single shift production at three of its plants - Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand - from Monday, May 17.

The other plants of Hero MotoCorp in India - Neemrana in Rajasthan, Halol in Gujarat and Chittoor in Andhra Pradesh, will also start single shift operations from May 24th. The Global Parts Centre (GPC) at Neemrana will also be operational from May 24th.

In addition to producing for the domestic market in India, these plants will also have enhanced focus on catering to the Global Business (GB) markets across the world.

The Company continues to monitor the situation closely and will move to double-shift production gradually.

Hero MotoCorp has commenced a concerted initiative across the organization as top priority to get the employees in the age group of 18-45 vaccinated. More than 90% of Hero MotoCorp employees above the age of 45 have already been vaccinated.

Strict safety and hygiene protocols are in place at all plant locations and offices in preparation for the gradual resumption of operations.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2885.6 as compared to the previous close of Rs. 2865.15. The total number of shares traded during the day was 31009 in over 3873 trades.

The stock hit an intraday high of Rs. 2889 and intraday low of 2835. The net turnover during the day was Rs. 88964859.

Source : Equity Bulls

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