In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be closed from August 15 to 18, 2019.
Domestic PV sales also saw the biggest fall in nearly 19 years, slumping by 30.98 pc to 2,00,790 units.
Similarly, HMSI reported 10.77 per cent decline in total sales last month at 4,89,631 units. It had sold 5,48,751 units in July 2018.
Led by losses in these scrips, the BSE auto index fell 1.07 per cent to close at 16,948.23.
Kasbekar replaces Markus Braunsperger, who is relocating to Europe after completion of his five-year tenure in the company.
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