Hero MotoCorp says visit by income tax officials was 'routine'

Offices and residential premises of the company including that of chairman and CEO of the group, Pawan Munjal, located in Gurugram, Delhi and few other locations were covered

The Income Tax Department on Wednesday conducted raids at multiple premises of Hero MotoCorp as part of a tax evasion investigation against the country's largest two-wheeler automobiles manufacturer, officials said. The company called it a "routine inquiry, which is not uncommon before the end of the financial year".
 

Offices and residential premises of the company including that of chairman and CEO of the group Pawan Munjal located in Gurugram (Haryana), Delhi and few other locations were being covered, they said. A team of officials of the department are looking at financial documents and other business transactions of the company and