Hero MotoCorp Limited has received a GST demand order of ₹4.97 crore from the Additional Commissioner, Central Goods and Services Tax (CGST), Vadodara, Gujarat. The company informed stock exchanges about this development on January 20, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Order Details

The Additional Commissioner issued the order under Section 74 of the Central Goods & Services Tax Act, 2017, and the Gujarat Goods and Services Tax Act, 2017, for the Financial Year 2019-20. The order raises a GST demand of ₹4.97 crore along with an equivalent amount of penalty and applicable interest thereon.

Company's Response and Assessment

Hero MotoCorp has assessed that the tax demand is not maintainable in law under the order. Based on this assessment, the company has decided to take appropriate steps, including filing an appeal against the demand order. The company's Executive Director and Chief Technology Officer, Vikram Kasbekar, signed the regulatory filing submitted to the stock exchanges.

Financial and Operational Impact

According to the company's disclosure, there is no material impact expected on Hero MotoCorp's financials, operations, or other activities. The company maintains that since the tax demand is not legally sustainable, it will not affect the company's business operations or financial performance.

Regulatory Compliance

The company has fulfilled its regulatory obligations by promptly informing both the National Stock Exchange of India Limited and BSE Limited about the GST demand order. This disclosure ensures transparency with shareholders and regulatory authorities regarding potential legal and financial developments that could affect the company.