MoneyWorks4Me

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

5728.00 107.00 (1.90%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 11642.00
TVS Motor Company 4401.50
Hero MotoCorp 5728.00
Eicher Motors 8005.00
Ather Energy 1480.80
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