Shares of Hero MotoCorp Ltd dropped roughly 3% on 17 April after the company halted operations at four manufacturing locations.

In its regulatory filing, the company announced that production at four key manufacturing plants,  Dharuhera, Gurugram, Haridwar, and Neemrana, will be temporarily halted from 17 to 19 April 2025. This pause, attributed to a short-term supply alignment, has been strategically planned by the company.

According to the official statement, the downtime will also be utilized for essential maintenance, infrastructure upkeep, and facility improvements aimed at enhancing overall operational efficiency. Production activities are expected to resume on 21 April 2025.

Hero MotoCorp has stated that its plants in Halol and Tirupati will be open throughout this period.

The filing added, “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.”

Hero MotoCorp has retained its top position in two-wheeler retail sales for the last fiscal year, selling over 54 lakh units, despite intensifying competition in the segment, according to the latest data released by the Federation of Automobile Dealers Associations (FADA).

Honda Motorcycle & Scooter India secured the second spot with retail sales crossing 47.89 lakh units.

As per FADA, Hero MotoCorp recorded total sales of 54,45,251 units, capturing a market share of 28.84%, while Honda followed with a 25.37% share, reflecting the ongoing competition between the two major players in the industry.

At 12:23 pm, the shares of Hero MotoCorp were trading 1.46% lower at Rs 3,726.60 on NSE. 

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