2-wheelers facing blip, long-term India growth story intact: Hero MotoCorp

"The financial strength of the company augurs well and will help it successfully navigate itself into the future despite these trying times," said Chairman Pawan Kant Munjal

Two-wheeler industry was facing short-term challenges due to the Covid-19 situation, but the overall India growth story remained intact, Hero MotoCorp said in its Annual Report for 2019-20.

Sharing information with company shareholders, Hero MotoCorp Chairman Pawan Munjal noted that there remained ample growth opportunities for the company in domestic as well international markets.

"The short-term business outlook remains uncertain due to the Covid-19 pandemic. However, the long-term story of India and that of the two-wheeler industry remains intact, strong and positive," Munjal said.

There are ample growth opportunities in India, as well as in the global markets to grow