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Brokerages confident on Hero MotoCorp despite BS-IV inventory, shutdown threats

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NEW DELHI: Hero MotoCorp Ltd, India's largest two-wheeler manufacturer, is expected to burn an estimated ₹2 billion every month because of the lockdown, aimed at containing the spread of covid1-19, but given the lack of debt on the company’s balance sheet brokerages do not anticipate liquidity concerns in the coming months.

Vehicle manufacturers like Hero MotoCorp had to shut down operations at the crucial juncture of transitioning to BS VI emission norm-compliant vehicles.

The new norms come into effect today. The company also has an inventory of 1.5-2.0 lakh units of Bharat Stage IV motorcycles and scooters following tepid sales because of a slump in demand which was aggravated by the outbreak in March. “HMCL is witnessing cash burn of

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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