Hero MotoCorp pauses production at 4 manufacturing plants, shares fall nearly 3%

Hero MotoCorp pauses production at 4 manufacturing plants, shares fall nearly 3%

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Shares of two-wheeler major Hero MotoCorp fell nearly 3% on April 17 as the firm paused production at four manufacturing plants.

"We would like to inform you that production will be temporarily paused from April 17 to 19, 2025, at four of our manufacturing plants — Dharuhera, Gurugram, Haridwar, and Neemrana — as we navigate a short-term supply alignment.

"During this planned pause, we are taking the opportunity to carry out maintenance, upkeep, and facility enhancements to further strengthen our operations. Production will resume on April 21, 2025," said Hero MotoCorp in a stock exchange filing.

At 10:22 am on April 17, Hero MotoCorp's shares on NSE were trading nearly 3% lower at Rs 3,680 apiece. The 52-week low of the stock is Rs 3,344 and 52-week high is Rs 6,246. Its market capitalisation is Rs 73,700 crore.

Hero MotoCorp added that its Tirupati and Halol plants will continue to operate during this time.

"This pause will not impact our ability to meet retail demand across domestic and international markets. Any production deferment will be efficiently recovered in the following month," said the company.