Hero MotoCorp clocks 36 pc rise in Q1, net profit at Rs 1,123 crore
The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
The company has been taking an active role in the combat against the second wave of the pandemic.
SNS | New Delhi | May 15, 2021 7:36 pm
Hero MotoCorp (Photo:IANS)
Hero MotoCorp on Saturday said it has partnered with the district administration of Gurugram to set up a makeshift 100-bed Covid Care centre in Gurugram.
The Two-wheeler market leader in supporting the setting up of the centre at the Government Girls College in Sector 14, Gurugram under its Corporate Social Responsibility (CSR) platform Hero We Care, Hero MotoCorp said in a statement.
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“The Covid Care centre will help augment our medical infrastructure and enable us to widen the scope of our relief activities for the affected people in the district,” Deputy Commissioner, Gurugram Yash Garg said.
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Stating that this is an excellent example of the public-private partnership in contributing towards the larger cause of the society, he said, “At a challenging time such as this, we urge more corporates and private organisations to come forward for similar initiatives.”
Hero MotoCorp Head Corporate Social Responsibility (CSR) & Corporate Communication Bharatendu Kabi said this 100-bed Covid Care centre will go a long way in supporting the healthcare infrastructure in Gurugram.
The company has been taking an active role in the combat against the second wave of the pandemic. Recently it had partnered with the Ramakrishna Mission Sevashrama, Kankhal (RMSK) at Haridwar for strengthening their healthcare system and response to COVID-19 Besides, it is also extending support to COVID-19 hospitals in states, including Delhi, Rajasthan, Andhra Pradesh and Gujarat.
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The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
Despite this decline, the company experienced a 12.6 per cent growth in the first two months (April-May 2024) of the fiscal year 2025 (FY25), selling 10.31 lakh units versus 9.15 lakh units in the same period last year.
The ED on Friday said that three immovable properties located in the national capital worth Rs 24.95 crore, belonging to Hero MotoCorp executive chairperson Pawan Kant Munjal have been provisionally attached under the provisions of the PMLA.
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