Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month

Two-wheeler maker Hero MotoCorp on Friday said it will hike prices of its motorcycles and scooters by around 1.5 per cent from July 3, citing several factors, including a rise in input costs. The company, which raised prices by around 2 per cent in April this year, said the exact quantum of its latest increase would vary by specific models and markets.

“The upward revision of the prices of motorcycles and scooters is part of the price review that the company undertakes from time to time, keeping in mind various factors like price positioning, input costs and business imperatives,” it added.

Hero MotoCorp further said it will continue with innovative financing programmes to minimise the impact on the customers.

“The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up, leading into the upcoming festive season,” it added.

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobiles News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.