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BSR & Co. LLP Chartered Accountants Building No. 10 , 12th Floor , Tower - C , DLF Cyber City , Phase - II , Gurugram 122 002 , India Telephone : Fax : +91 124 719 1000 +91 124 235 8613 To Board of Directors of Hero MotoCorp Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Hero MotoCorp Limited ( " the Company " ) for the quarter ended 30 June 2021 ( " the Statement " ) . 2. This Statement , which is the responsibility of the Company's management and approved by the Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 " Interim Financial Reporting " ( " Ind AS 34 " ) , prescribed under Section 133 of the Companies Act , 2013 , and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India ( Listing Obligations and Disclosure Requirements ) Regulations , 2015. Our responsibility is to issue a report on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ( SRE ) 2410 " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement . A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit . We have not performed an audit and accordingly , we do not express an audit opinion . 4. Attention is drawn to the fact that the figures for the three months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year . The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit . MK BSR & Co. ( a partnership firm with Registration No. BA61223 ) converted into B S R & Co. LLP ( a Limited Liability Partnership with LLP Registration No. AAB - 8181 ) with effect from October 14 , 2013 Registered Office : 14th Floor , Central B Wing and North C Wing , Nesco IT Park 4 , Nesco Center , Western Express Highway , Goregaon ( East ) , Mumbai - 400063