Corporate News
Hero MotoCorp to cut capex by 15-20 pct

Hit by subdued demand for two wheelers, Hero MotoCorp will cut down its planned capital expenditure by around 15-20% for FY20, while also deferring part of the expansion at its upcoming plant at Chittoor in Andhra Pradesh, people aware of the development said.

News Source:- https://www.financialexpress.com/industry/hero-motocorp-to-cut-capex-by-15-20-pct/1702427/