Hero MotoCorp Limited announced on January 20, 2026, that it has received an order dated January 5, 2026, from the Additional Commissioner, Central Goods and Services Tax, Vadodara, Gujarat, on January 19, 2026. The order, passed under Section 74 of the Central Goods & Services Tax Act, 2017, and the Gujarat Goods and Services Tax Act, 2017, pertains to the Financial Year 2019-20. It raises a Goods and Services Tax (GST) demand of ₹4.97 crore, along with an equivalent amount for penalty and applicable interest.

The company, however, believes the tax demand is not maintainable in law and intends to take appropriate steps, including filing an appeal against the order. Based on the company's assessment, there is no material impact on its financials, operations, or other activities.