Hero MotoCorp announced price hikes for select motorcycle and scooter models, effective July 1, 2024, citing higher input costs. The price increase will vary by model and market.
New Delhi, Jun 24 (PTI) Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs.
The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market, the country's largest two-wheeler maker said in a statement.
"The revision has been necessitated to partially offset the impact of higher input costs," it added.
Hero MotoCorp sells a range of bikes including high selling Splendor range, HF Deluxe and Glamour.
Scooter range includes Xoom and Destini 125 XTEC.
Shares of Hero MotoCorp were trading 0.46 per cent up at Rs 5,477.20 apiece on the BSE.
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