Covid19 fear: Hero MotoCorp closes plants
Business

Covid19 fear: Hero MotoCorp closes plants

Agency News

India's largest two-wheeler manufacturer Hero MotoCorp Ltd (HMCL) has shut down operations across all its manufacturing and assembly plants including the units in India, Colombia and Bangladesh with immediate effect until the end of this month.

The company announced the closure through an official BSE filing, which read, “With the safety and wellbeing of its employees as the top priority in view of the escalating COVID‐19 situation, Hero MotoCorp has decided to halt operations at all its global manufacturing facilities – including in India, Colombia and Bangladesh and the Global Parts Centre (GPC) at Neemrana with immediate effect until March 31, 2020.”

The company further added that employees at all the other functions and locations including the Centre of Innovation and Technology (CIT) in Jaipur in the northern Indian state of Rajasthan will continue to work from home, except for those whose physical presence is necessary to run the day‐to‐day essential services.

The decision was announced by Pawan Munjal, Chairman, Hero MotoCorp, at a digital town hall to the employees. This is the first global closure to be announced by a major Indian manufacturer.

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