Hero MotoCorp

Hero MotoCorp was up by 6.4 per cent to close at Rs 3,159.95 per share while Bajaj Auto gained by 2.2 per cent at Rs 3,076. TVS Motor ticked up by 4.8 per cent at Rs 467.55 per share.

Motorcycles sales were 4.78 lakh last month and scooters sales added up to 35,843 units as compared to 4.9 lakh and 45,752 year-on-year respectively.

Sectoral indices at the National Stock Exchange were mixed with Nifty pharma up by 2.5 per cent, FMCG by 1.2 per cent and metal by 1 per cent.

To avoid an excessive rush and maintain social distancing, many workshops have staggered and extended their hours of operation, the company said in a statement on Monday.

Operations have also resumed at the Centre of Innovation and Technology (CIT) at Jaipur in Rajasthan in a graded manner and work on new product development has started with strict safety and hygiene protocols.

Private lenders Axis Bank and ICICI Bank fell by 1.5 per cent and 1.4 per cent respectively while HCL Technologies, Tata Consultancy Services and UPL traded with a negative bias.

All of Hero MotoCorp's manufacturing facilities across the globe had halted operations since March 22 as a precautionary preventive measure against COVID-19.

The other prominent gainers were UltraTech Cements, IndusInd Bank, Vedanta, ITC and Infosys. However, Dr Reddy's, Nestle India and ICICI Bank traded with a negative bias.

Munjal's assertions came at the Hero World 2020, a three-day event attended by global media, investors, dealers from India, supply chain partners and global distributors at the company's Centre of Innovation and Technology here.

The government led by Prime Minister Narendra Modi has unveiled various measures to arrest the falling growth -- from rolling back of higher tax surcharge for foreign investors to mega reforms in the public sector banking space.