The Income Tax Department is conducting raids on multiple properties of Pawan Munjal who is the Chairman, Managing Director & CEO of Hero Motocorp. The raids are being conducted as part of a tax evasion investigation against India's largest two-wheeler manufacturer. Hero MotoCorp has not yet issued a statement.
Properties and offices linked to Hero MotoCorp Chairman Pawan Munjal and other top executives of the company were raided today by the Income Tax Department over allegations of tax evasion.
As world moves to EVs, Hero MotoCorp eyes market beyond 2-wheelers
As the world looks to gradually move to electric vehicles, the company plans to work on innovations across commercial and personal platforms.
BusinessToday.In | January 26, 2021 | Updated 22:55 IST
Hero MotoCorp will step up investments for research and development and partnerships.
Two-wheeler major Hero MotoCorp is eyeing market beyond two-wheelers, including electric cars, as the company wants to be the future of mobility .
As the world looks to gradually move to electric vehicles, the company plans to work on innovations across commercial and personal platforms without confining itself to two-wheelers, The Times of India reported Hero MotoCorp Chairman Pawan Munjal as saying after the company rolled out its 100 millionth two-wheeler.