financetom
Business
financetom
/
Business
/
Hero MotoCorp to resume production at all mfng plants from May 24
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hero MotoCorp to resume production at all mfng plants from May 24
May 22, 2021 4:58 AM

Two-wheeler market leader Hero MotoCorp on Saturday said it will resume production at all its manufacturing plants in India from coming Monday after temporarily shutting operations due to the coronavirus pandemic.

Share Market Live

NSE

At the beginning of this week, the company had resumed partial operations at its three plants at Gurugram and Dharuhera in Haryana and Haridwar in Uttarakhand.

It had halted operations temporarily at all of its six plants in India in a staggered manner for four days from April 22 to May 2, which was then extended till May 16.

Hero MotoCorp is "gearing up towards a gradual resumption of operations by starting production at all its manufacturing plants in India from Monday, May 24", the company said in a statement.

"The other plants of Hero MotoCorp in India Neemrana in Rajasthan, Halol in Gujarat and Chittoor in Andhra Pradesh, will also start single shift operations from May 24," it added.

Production in single shift had already commenced at three of its plants Gurugram and Dharuhera in Haryana and at Haridwar, Uttarakhand from May 17. The Global Parts Centre (GPC) at Neemrana will also be operational from May 24, Hero MotoCorp added.

"In addition to producing for the domestic market in India, these plants will also have enhanced focus on catering to the Global Business (GB) markets across the world," the statement said.

The company continues to monitor the situation closely and will move to double-shift production gradually, it added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ShiftPixy's Big AI Move: Supercharges Workforce Management With $150M TurboScale Deal
ShiftPixy's Big AI Move: Supercharges Workforce Management With $150M TurboScale Deal
Oct 17, 2024
ShiftPixy, Inc. ( PIXY ) shares are trading higher on Thursday after the company announced its acquisition of TurboScale. TurboScale is an AI technology company focused on scalable GPU cloud infrastructure and the deployment of AI models. This acquisition will allow ShiftPixy ( PIXY ) to introduce enhanced AI-powered features, such as real-time predictive analytics and machine learning-driven automation, to streamline workforce management. ShiftPixy...
Equinox Gold Shares Dip, Lowers Guidance For Greenstone Mine Production Outlook
Equinox Gold Shares Dip, Lowers Guidance For Greenstone Mine Production Outlook
Oct 17, 2024
Equinox Gold Corp. ( EQX ) shares are trading lower premarket on Thursday. On Wednesday, the company lowered FY24 production guidance at Greenstone Gold Mine. In the third quarter, Greenstone produced around 42,500 ounces of gold, up 162% Q/Q. Since the first gold pour on May 22, total production has reached around 59,000 ounces as of Sept. 30. In the...
Canada's House Prices Continue to Rise While Supply Stagnates, Says National Bank
Canada's House Prices Continue to Rise While Supply Stagnates, Says National Bank
Oct 17, 2024
09:23 AM EDT, 10/17/2024 (MT Newswires) -- After almost a year in the doldrums, house prices in Canada's major urban centers rose by 0.5% for the second consecutive month, supported by more advantageous interest rates, said National Bank of Canada. Despite a significant rise in the number of new listings on the resale market, inventory has been stalling over the...
Why Gevo Stock Is Surging Thursday — 'This Marks A Watershed Moment'
Why Gevo Stock Is Surging Thursday — 'This Marks A Watershed Moment'
Oct 17, 2024
Gevo Inc ( GEVO ) shares are trading higher Thursday after the company announced it received a conditional commitment from the U.S. Department of Energy (DOE). What Happened: Gevo ( GEVO ) announced that it received a conditional commitment for a loan guarantee from the DOE's Loan Programs Office, with disbursements totaling $1.46 billion. The commitment is related to the construction of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved