Hero MotoCorp temporarily halts manufacturing with rising COVID-19 cases

Date: 2021-04-21   Author: Pankaj Singh  Category: #news

Hero MotoCorp temporarily halts manufacturing with rising COVID-19 cases

With escalating COVID-19 cases in what seems to be the second wave of the pandemic in India, leading two-wheeler manufacturer Hero MotoCorp has reportedly announced that the company will temporarily halt all its manufacturing operations.

As per a press statement, the Global Parts Center (GPC) and other plants will stay shut for four days between April 22 and May 1 based on local scenarios.

The company apparently stated that the decision to halt all manufacturing activities across the country has been taken to ensure that the employees and their families are well and safe. This decision also comes with many states imposing localized shut-downs.

This temporary time off will be utilized to perform some maintenance activities at the facilities. Hero MotoCorp’s corporate offices are already operating on a work-from-home basis.

However, the two-wheeler manufacturer has assured that this decision won’t affect their capability of meeting consumer demands for scooters and motorcycles in the country. They also added that production losses will be compensated in the remainder of the quarter.

India, a country witnessing a rise in the number of COVID-19 cases, has been in a massive state of worry since the emergence of the second pandemic wave. The healthcare infrastructure is severely strained across the nation. Many regions have imposed lockdowns and curfews, including capital Delhi, for varying time durations and governments are requesting people to mask up in public places and remain indoors.

Prime Minister Narendra Modi, in his address to the nation on Tuesday evening, admitted that the situation has worsened. He assured citizens that everything is being done from their side to face this challenge. He also added that lockdown should be the last resort as it would have severe consequences on the country’s economy.

The automobile industry withstood adversity last year and began a steady recovery following the ease of lockdown restrictions across the nation. However, the second pandemic wave has once again threatened to incur financial instability on key industrial sectors like the auto industry.

Source Credits:

https://auto.hindustantimes.com/auto/two-wheelers/hero-motocorp-world-s-largest-2-wheeler-maker-temporarily-halts-manufacturing-41618934424947.html#box_41618934424947

 



About Author


Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Chrysanthemum Extract Market Size, Demand, Growth, Trends, Segmentation and Forecasts Research to 2026

Author: Ashwin Naphade

Chrysanthemum Extract market report thoroughly expounds on the contingencies created by Covid-19 pandemic in micro-market across regions, and how this governs the overall growth matrix.

The report on Chrysanthemum Extract market provides a...


Chamaemelum Nobile Extract Market to Witness an Outstanding Growth During 2021- 2026

Author: Ashwin Naphade

Chamaemelum Nobile Extract market aims to decode lucrative investment opportunities in the business sphere and educate readers about the bottlenecks created by Covid-19 pandemic.

The report on Chamaemelum Nobile Extract market provides a c...


Chamomilla Recutita Extract Market Insights and In-Depth Analysis 2021-2026 with Types, Products and Key Players

Author: Ashwin Naphade

Chamomilla Recutita Extract market report provides in-depth information about growth catalysts, profitable prospects, restraints, and Covid-19 impact which will influence the growth rate through 2026.

The report on Chamomilla Recutita Extra...