HERO MOTOCORP PLANS TO INCREASE PRICES OF MOTORCYCLES AND SCOOTERS BY 1% STARTING OCTOBER 3RD
According to a statement released on September 29, Hero Motocorp, the nation’s top two-wheeler manufacturer, would increase the pricing of its motorbikes and scooters by 1% starting on October 3.
The price increase is part of “our regular review” of product competitiveness and positioning, which takes into account inflation, margins, and market share, according to the corporation headquartered in New Delhi.
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“On October 3, 2023, Hero MotoCorp will make a minor adjustment to the ex-showroom prices of select motorcycles and scooters.” The price increase will be roughly 1%, with the actual amount varying depending on the model and market,” it stated.
Hero Motocorp has announced a price increase for the second time in the previous three months.
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On July 3, the business hiked the prices of several motorbike and scooter models by 1.5 percent.
The two-wheeler manufacturer sold 4.89 lakh units in August, up from 4.63 lakh units sold in the same month the previous year.