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Hero Motocorp Announces to Suspend the Production at All Its Plants Till 01st May Due to Covid – 19 Surge
The largest two-wheeler manufacturer in India, Hero Motocorp has recently announced to close all its manufacturing units till May 01, 2021, due to the surge of Covid – 19. All the manufacturing facilities of Hero include the Global Parts Center will be closed till May 01st due to the wake of the second wave of coronavirus in the country. Hero Motocorp has six units of manufacturing that are located at Gurugram and Dharuhera, Haryana. Neemrana in Rajasthan, Haridwar in Uttarakhand, Halol in Gujarat, and Chittoor in Andhra Pradesh are its other manufacturing units.
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- Hero Motocorp Announces to Suspend the Production at All Its Plants Till 01st May Due to Covid – 19 Surge
The annual production capacity of these plants is approximately 90 lakh units, according to an annual report of Hero Motocorp. The Global Parts Center is situated at Neemrana.
In a statement, Hero Motoopr said that every plant including the Global Parts Center will remain closed for four days starting from 22 April 2021.
Hero Motocorp further mentioned that it will utilize this time of lockdown for carrying out some important maintenance activities.
This shut-down will not impact the manufacturing of the company and it will be able to meet the demands, which is impacted because of local lockdowns in many Indian states and the loss in production will easily be compensated during the remaining quarter.
All the plans of Hero Motocorp will become operational only after the completion of this short shutdown. It further said that Hero Motocorp’s corporate offices are already doing work from home (WFH) and very few employees go to the office on rotation to continue the essential services.
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*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.
*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)
#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.
*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
