hero motocorp latest two wheeler Manufacturers to announce price hike on their products in the Indian market. The company has announced that the prices of all its scooters and motorcycles will be hiked by up to Rs 3,000 with effect from July 1, in order to keep a steady rise in the overall cost inflation including commodity prices.
In a regulatory filing, the company said, “the exact quantum of the increase will be subject to specific models and markets. Price revision is required to partially offset the ever-increasing overall cost inflation including commodity prices”.
So far, Pleasure+ in Hero MotoCorp’s portfolio, Maestro Age 125 and Destini 125 scooters as well as HF 100, HF Deluxe, Splendor+, Super Splendor, Splendor iSmart, Glamour, Passion Pro, Xpulse 200, Xtreme 160R and Xtreme 200S motorcycles ranging from Rs 51,450 to Rs 1.32 lakh (ex-showroom) are till. New Delhi).
Hero MotoCorp is currently the largest two wheeler manufacturer in the Indian market as far as sales are concerned. The company has been able to sell over 4.66 lakh two wheelers in the country in the month of May 2022 with a market share of over 37%. In 2020, Hero entered into an agreement with Harley Davidson for the sale and service of American bran motorcycles in India.
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