FY 2022 Sees A MASSIVE Drop In Two-wheeler Sales
- Apr 19, 2022
- Views : 18975
Hero MotoCorp will temporarily call off production and shut parts plants for four days as a precautionary measure against the Covid-19 pandemic raging in the country. Each manufacturing and parts plant will be closed in a staggered manner between April 22 and May 1, depending on the location.
The company says it would use this downtime to carry out maintenance work and that all production-related losses will be compensated in the remainder of the quarter once the suspension is lifted. Hero says that demand has been impacted by the slew of localised lockdowns across several states.
Hero MotoCorp is arguably the world’s largest two-wheeler manufacturer with production plants in Haridwar (Uttarakhand), Dharuhera and Gurgaon (Haryana), Neemrana (Rajasthan), Halol (Gujarat), and Chittoor (Andhra Pradesh). In January this year, Hero achieved its production milestone of 100 million units. The 100 millionth two-wheeler was the Hero Xtreme 160R that rolled out of the Haridwar plant.
To celebrate this achievement, Hero launched 100 Million Editions of the Hero Splendor Plus, Xtreme 160R, Glamour, Passion Pro, Maestro Edge 110, and Destini 125. In a related development, the company recently launched its most affordable bike, the Hero HF 100. You can read all about it in our launch report here.
FY 2022 Sees A MASSIVE Drop In Two-wheeler Sales
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