Sunday, March 29, 2020

Hero Moto Corp invokes force majeure amid COVID-19 lockdown, suspends payments

Amid COVID-19 lockdown in the country that is affecting businesses, Hero Moto Corp, India's largest two-wheeler manufacturer said since sales are down due to the coronavirus, the company will suspend full payments to its vendors adding that the company has no other option amid the current crisis situation. Hero said that the company will not be in a position to meet all the obligations. 

from IndiaTV: Google News Feed https://ift.tt/2UO12RY

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