Hero MotoCorp Price Hike : All 2-wheelers of Hero MotoCorp including Splendor, Passion, Maestro are going to be expensive. Motorcycle maker Hero MotoCorp has decided to increase the prices of its bikes and scooters. According to the information given by the company, the company has announced a 1.5 percent increase in the price of its motorcycles and scooters. The new prices will be applicable from Monday 3 July. The company has explained the increase in cost behind the price hike. Earlier, the company had announced to increase the price of its vehicles on 1 April 2023.
How much will the prices increase?
Two-wheeler maker Hero MotoCorp has announced to increase the prices of motorcycles and scooters by about 1.5 per cent from July 3. The company said that this increase in the price is being done due to the increase in the cost price and many factors. The company said that the price will be decided on the basis of different models and markets. Earlier in April too, Hero MotoCorp had increased the price of two-wheelers by up to two percent.
Why are prices rising?
Hero MotoCorp said, the increase in the price of motorcycles and scooters is part of the price review being done by the company from time to time. According to PTI-language news, the company does this review keeping in mind various factors like price situation, production cost and business imperatives. The company said it will continue to employ innovative financing programs to minimize its impact on customers.