HERO MOTOCORP LTD. - Statement being issued to media on January 06, 2015
| < Back | |
| 07 Jan 2015 | |
| Hero MotoCorp Ltd has informed BSE that the following 2 statements being issued by the Company to media :<BR><BR>"The auto industry still remains sluggish, and therefore, the rollback of the current excise duty rate is going to adversely impact the industry in particular and the manufacturing sector in general. Manufacturers have no option but to pass on the enhanced excise duty rates to customers which is going to further slowdown the pace of growth in the industry. We have raised the prices on our two-wheelers to offset the increased duty impact. The new prices have come into effect from January 1st."<BR><BR>"The transporters' strike today has impacted the despatches from our plants in Gurgaon and Dharuhera. We could despatch only half of our average daily despatches from these two plants today. We are trying to make alternative arrangements to minimize further impact. We hope the authorities and the Automobile Carrier Welfare Association (ACWA) will be able to resolve the issue amicably at the earliest." | |
| View all announcements for HERO MOTOCORP LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback