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Income Tax dept detects Rs 1,000 crore bogus expense claims by Hero Motocorp

29 Mar 2022 Evaluate

The Income Tax Department has found that Hero MotoCorp made more than Rs 1,000 crore bogus expenses and over Rs 100- crore cash transactions for a farmhouse in Chhattarpur, Delhi.

Income Tax Department carried out a search and seizure operation on March 23 on Hero Motocorp and its chairman and managing director Pawan Munjal at multiple locations in Delhi-NCR, which concluded on March 26.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Hero MotoCorp Share Price

5033.30 0.35 (0.01%)
24-Apr-2026 11:09 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9606.85
Hero MotoCorp 5033.30
TVS Motor 3486.75
Eicher Motors 7108.00
Ather Energy 873.95
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