Amid Transporters' Strike In Haryana, Hero MotoCorp’s Shares Fall By 1%

Strike by transporters in Haryana has had a negative impact on Hero MotoCorp’s share values. Since the company couldn’t dispatch vehicles from its Gurgaon and Dharuhera plants, the shares of India's two-wheeler market leader fell by over 1% down by end of trade today, as per a PTI report.

At the Bombay Stock Exchange (BSE), the shares of this Delhi-headquartered company went down by 1.15% to settle at Rs 2,977.10. As per the company’s filing to the BSE, "The transporters' strike today has impacted the dispatches from our plants in Gurgaon and Dharuhera. We could despatch only half of our average daily dispatches from these two plants today."

On the other hand, it lost 1.24% to Rs 2,977 at the National Stock Exchange (NSE).

The daily average dispatch Hero is around 12,000 units in the off-season around this time of the year from these two plants.

In order to further minimise the impact of strike on its dispatches, Hero MotoCorp said it is trying to make alternative arrangements.
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