Hero MotoCorp has decided to temporarily halt operations at its manufacturing facilities across the country in view of the surging Covid-19 cases. Each plant will remain shut in a staggered manner for four days between April 22 and May 1, and the company will utilise this time to carry out maintenance work at its manufacturing plants. All plants will resume normal operations after the shutdown period.
“In keeping with its commitment to the safety and welfare of its people, Hero MotoCorp has decided to proactively halt operations temporarily at all of its manufacturing facilities across the country, including its GPC, in view of ongoing escalation in the spread of Covid-19 across the country,” the the world’s largest two-wheeler manufacturer said in a regulatory filing to the stock exchanges.
The company’s corporate offices have already been in work-from-home (WFH) mode and only a limited number of staff members visit offices on rotation basis.
Hero MotoCorp gave an assurance that the shutdown will not impact the company’s ability to meet demand, which has been impacted due to localised shutdowns in many states and the production loss will be compensated during the remaining quarter.
Hero MotoCorp sold 18.45 lakh units in Q3 FY21, clocking a growth of 19.7 per cent over the corresponding quarter of previous fiscal. The sales surged after the nationwide lockdown was eased on the back of faster recovery in demand in rural areas and increased preference for personal mobility.