The Hindu Business Line : Hero Honda says strike won't impact profitability

"Hero Honda aims to make up the production loss by stepping up production from 5,800 units per day to 6,500 units per day, post commencement of operations at its Gurgaon plant," the company said in a statement. Before the strike, the plant had been producing 5,800 units per day against its capacity of 6,500 units a day. The company said the strike would not affect availability of products and that dealers have "sufficient stocks." The "additional production of 700 units per day will enable the company to cover up the production loss from the current strike in a short period of time," Hero Honda said. "Therefore the strike will not impact the company's annual profitability or production targets."

Meanwhile, representative of the contract workers said that meetings are being held with the management and an early resolution seems likely.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Progeon brand on its way out

Shree Renuka Sugars to raise $40-50 m thru ECB

Riga Sugar plans public issue or GDR

Geneva acclaim for Krishna Industrial

Re-structuring hampered

Netherlands co picks up stake in Team HR Services

Hyundai plans second engine, transmission plant in India

Hero Honda says strike won't impact profitability

DLF to seek shareholders' nod for share split

Kamdhenu Ispat IPO oversubscribed

MSPL eyes mines in Australia, Brazil