Transporters' strike impacts Hero MotoCorp's product dispatches

Two-wheeler major Hero MotoCorp Wednesday said the transporters' strike has impacted its product dispatches to dealers and that the company is looking at alternative arrangements to minimise further impact.

According to a filing at the Bombay Stock Exchange (BSE), the company said it was only able to send half of average daily dispatches from its Gurgaon and Dharuhera plants.

"We are trying to make alternative arrangements to minimize further impact. We hope the authorities and the automobile carrier welfare association (ACWA) will be able to resolve the issue amicably at the earliest," the stock market filing said.

The two-wheeler behemoths stocks took a beating at the BSE and closed 1.15 percent or 34.70 points down at Rs.2,977.10 per equity stock from its previous close of Rs.3,011.80.