Shares of Hero MotoCorp fell 2.83% to ₹3,674.90 in early trade on Thursday after the company announced a planned production pause at four of its manufacturing facilities. The stock opened lower and hit an intraday low of ₹3,670.00, compared to the previous close of ₹3,781.90, wiping out over ₹1,000 crore in market capitalization.
Reason behind the production halt
In an exchange filing, Hero MotoCorp stated that it will temporarily suspend manufacturing operations at its Gurugram, Dharuhera, Haridwar, and Neemrana plants from April 17 to April 19 for “short-term supply alignment.” The company clarified that this is a planned maintenance window and will be utilized for upkeep and facility enhancement.
Production is set to resume on April 21. The company also confirmed that operations at its Tirupati and Halol plants will continue as usual and that the temporary pause will not impact its ability to meet retail demand across domestic and international markets.
Sales and performance highlights
In FY25, Hero MotoCorp retained its leadership position in the two-wheeler market, selling over 54 lakh motorcycles and scooters. Honda Motorcycle & Scooter India followed in second place with 48 lakh units.
In March 2025, the company sold 5.49 lakh units, marking a 12% year-on-year growth.
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EV Expansion: Hero MotoCorp registered its highest-ever electric vehicle (EV) sales in FY25, growing around 200% YoY.
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International Markets: The company’s global business saw over 40% growth.
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Premium Segment: It sold over 11,000 units of the Harley Davidson X440 during the year.
