Hero MotoCorp to raise prices by Rs 3,000 from July

New Delhi [India]: India’s largest two-wheeler maker Hero MotoCorp on Thursday claimed it will certainly increase the rates of its motorbikes and also scooters by as much as Rs 3,000 per unit across the whole array effective from July 1.

” Hero MotoCorp will certainly make an upward revision in the ex-showroom rates of its motorbikes as well as mobility scooters, with effect from July 1, 2022. The price alteration will depend on Rs 3000,” Hero MotoCorp said in a declaration.
” The exact quantum of boost will go through the certain version and market,” the company claimed.

Hero MotoCorp stated the “rate modification has been required to partially offset the progressively expanding general cost inflation, consisting of commodity costs.”

Hero MotoCorp is the world’s biggest producer of bikes and scooters. It marketed 486,704 systems in May 2022.

Sequentially, this equates into a development of 16 percent over the month of April 2022, when the Company had marketed 418,622 systems. Hero MotoCorp had actually sold 183,044 devices in the corresponding month of 2021 when the sales were affected due to the renewal in COVID-19 situations and also subsequent lockdowns.

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