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Strike won't impact profit: Hero Honda

Hero Honda said that the ongoing strike at its Gurgaon plant will not "impact" the co's annual profitability or production targets.

india Updated: Apr 15, 2006 11:48 IST

Hero Honda said on Friday that the ongoing strike at its Gurgaon plant will "not impact" the company's annual profitability or production targets.

"Hero Honda aims to make up the production loss by stepping up production from the current 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 in New Delhi.

It said that the additional production of 700 units per day will enable it cover the production loss from the current strike in a short period of time. "Therefore the strike will not impact the company's annual profitability or production targets," the statement said.

The company said there was no immediate effect of the strike on the availability of its products at the dealerships.

"Due to the very nature of the business, there are sufficient stocks in the pipeline and at the dealerships," it said.

Hero Honda said it was extending full support to the contractors, contract workers and local administration to amicably resolve the issues raised by contract workers, who have "illegally disrupted" production at the Gurgaon plant since April 10.

"The company would also like to clarify that this is a flash strike and there is no formal workers union at its Gurgaon plant. Also, the permanent workers are not supporting this strike," it added.