Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame

Company says while the closure of plants has been partly due to holidays for Independence Day and Raksha Bandhan, it also reflects the prevailing market demand scenario

India's largest two-wheeler maker, Hero MotoCorp has decided to close its manufacturing facilities for three days. The reasons stated are annual holiday and due to the prevailing market condition. After car makers announced plant closures for a few days, Hero will be the first two-wheeler maker to officially announce a temporary stop in production.

The company stated that production planning is a matter of advance monitoring of market dynamics and prudent demand forecasting. This helps us to plan our production well in advance, thereby enabling us to stay flexible, both in terms of volumes and production schedules, it said. 

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