Companies

Hero MotoCorp plants to remain shut for 4 days till Aug 18

PTI New Delhi | Updated on August 16, 2019 Published on August 16, 2019

The country’s largest two-wheeler maker, Hero MotoCorp, on Friday said its manufacturing plants have been shut for four days till August 18 as part of an annual routine and also to adjust production in line with the current market demand.

In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be closed from August 15 to 18, 2019.

“While this is part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the weekend, it also partly reflects the prevailing market demand scenario,” the company added.

Hero MotoCorp further said production planning is a matter of advance monitoring of the market dynamics and prudent demand forecasting.

“This helps us to plan our production well in advance, thereby enabling us to stay flexible both in terms of volumes and production schedules,” the company said.

Hero MotoCorp has been reducing its production due to decline in sales. In the April-July period this year, the two-wheeler market leader’s production was at 24,66,802 units, down 12.03 per cent from the year-ago period.

Published on August 16, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.