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Hero MotoCorp stock hit due to production cuts, August sales

FP Archives December 20, 2014, 19:51:18 IST

Hero MotoCorp has reduced production due to the slowdown in demand, its managing director said last week, although he did not provide figures.

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Hero MotoCorp stock hit due to production cuts, August sales

Shares in Hero MotoCorp fall 1.5 percent on worries the two-wheeler maker will have to cut production after posting a 11.9 percent fall in sales in August.

Sales of motorcycles in India fell 8.5 percent last month from a year ago, according to the report on Monday from Society of Indian Automobile Manufacturers.

[caption id=“attachment_451463” align=“alignleft” width=“380”] Scrrengrab from site[/caption]

Hero MotoCorp has reduced production due to the slowdown in demand, its managing director said last week, although he did not provide figures.

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Reuters

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