Hero MotoCorp to shut manufacturing plants for four days till 18 August; to adjust production in line with market demand
Hero MotoCorp has been reducing its production due to decline in sales
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Hero MotoCorp is the country’s largest two-wheeler maker
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Production planning is a matter of advance monitoring of the market dynamics and prudent demand forecasting
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Hero MotoCorp has been reducing its production due to decline in sales
New Delhi: The country’s largest two-wheeler maker, Hero MotoCorp, on Friday said its manufacturing plants have been shut for four days till 18 August as part of an annual routine and also to adjust production in line with the current market demand.
Representational image. Reuters.
In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be closed from 15-18 August 2019.
“While this is part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the weekend, it also partly reflects the prevailing market demand scenario,” the company added.
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Hero MotoCorp further said production planning is a matter of advance monitoring of the market dynamics and prudent demand forecasting.
“This helps us to plan our production well in advance, thereby enabling us to stay flexible both in terms of volumes and production schedules,” the company said.
Hero MotoCorp has been reducing its production due to decline in sales. In the April-July period this year, the two-wheeler market leader’s production was at 24,66,802 units, down 12.03 percent from the year-ago period.
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