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Due to ED Raid at Pawan Munjal's house, Hero MotoCorp, the top two-wheeler producer in the nation faced the worst fall in over a year.

ED Raid on Pawan Munjal sends Hero Moto into Steepest Decline in 12 Months

The raids have been on since early morning.

IT-Raids at Hero MotoCorp MD Pawan Munjal’s office, residence

In April, Hero MotoCorp joined hands with Taiwan’s Gogoro to develop Hero-branded electric vehicles (EVs) for the Indian market.

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ED Raid on Pawan Munjal sends Hero Moto into Steepest Decline in 12 Months

IT-Raids at Hero MotoCorp MD Pawan Munjal’s office, residence

Hero family in spat over electric vehicle ambitions of brands