“The automotive industry was going at a very slow pace for the last two years. The month of April has seen no production and no sales at all. Having said that, I’m happy to share that we are seeing some sparks of life,” Pawan Munjal, Managing Director of Hero MotoCorp told Bloomberg news agency.
“We have resumed three manufacturing plants out of the six in India. The Colombia factory also opened on May 11. We started to dispatch motorcycles to Ecuador, Colombia, Guatemala, Bangladesh. In India, almost 40 per cent of our dealerships have opened. We have sold close to 25,000 motorcycles in six working days so far,” Munjal added.
Hero MotoCorp has reopened 1,500 dealerships and service networks after the lockdown was eased.
Hero MotoCorp’ sales network includes over 6,000 touch-points, comprising around 1,000 dealers, service centres, among others, across the country.
The two-wheeler major said it has also commenced vehicle dispatches from its manufacturing facilities from May 7.
The company had reopened three of its manufacturing plants at Dharuhera and Gurgaon in Haryana and Haridwar in Uttarakhand on May 4.
“Four other factories are ready to go. We are waiting for the sales to go bigger. We are reopening more dealerships every day. I’m personally hopeful that we will be opening all our factories in a month itself,” Munjal said.
All of Hero MotoCorp’s manufacturing facilities across the globe had halted operations on March 22 as a precautionary preventive measure against Covid-19. Supply chain disruption is also bothering manufacturers.
“Some of our suppliers are still in the red (containment) zone. Unless the suppliers reopen, we will not be able to assemble motorcycles. In the last couple of months, we were trying to organising alternate sources. Some of our suppliers in Europe were closed. Even they have started to open up. I’m very hopeful most of our dealerships will be open in the next 45 days,” Munjal added.
(With inputs from interview to Bloomberg News Agency)