5500.0000 -12.00 (-0.22%)
NSE Oct 10, 2025 15:31 PM
Volume: 835.4K
 

logo
Hero MotoCorp Ltd.
31 Mar 2020
5500.00
-0.22%
Motilal Oswal
31 March 2020 HMCL had ~150k BS4 inventory as of the lockdown date. According to the SC order, vehicles sold till 31 March earlier). Of the unsold BS4 inventory March, only 10% can be sold beyond the deadline. Dealers are now selling online based on the earlier inquiries or purchasing on their firms name to resell in the second- hand market later. The company is providing incentive of INR10k per motorcycle and INR15k per scooter to support dealers for online sales (ex- Delhi NCR). It will take back Delhi NCR stock of ~12k units as it has decided not to sell online as well. HMCL setup a BCP task force earlier in Jan20 (when COVID-19 was identified as threat in China). First priority is to safeguard health of all employees and business partners. Currently, it is not thinking of growth and profits, but health of its ecosystem is important including liquidity within its ecosystem.
Hero MotoCorp Ltd. has gained 30.37% in the last 3 Months
More from Hero MotoCorp Ltd.
Recommended