A press release issued by Hero MotoCorp states that the company will increase the ex-showroom prices of its motorcycles and scooters with effect from January 4, 2022. This change in prices has become necessary due to the continuous increase in the prices of commodities.
Hero Bike Price Rise: Hero MotoCorp, a leading two-wheeler maker, has said that from January 4 next year, it will increase the prices of scooters and motorcycles by up to Rs 2,000. The ex-showroom prices of two wheelers will be increased by up to Rs 2,000. The company has informed the stock exchanges about this. The company says that it has become necessary to take this step due to rising cost prices.
The company said this: A press release issued by Hero MotoCorp states that the company will increase the ex-showroom prices of its motorcycles and scooters with effect from January 4, 2022. This change in prices has become necessary due to the continuous increase in the prices of commodities. This will be the third hike in the prices of two-wheelers by Hero MotoCorp in the last six months. The company had increased the ex-showroom prices of motorcycles and scooters by up to Rs 3,000 on July 1, followed by Rs 3,000 on September 20.
The largest two-wheeler manufacturer, let us tell you that Hero MotoCorp is the leader in the two-wheeler market. At present, it has a stake of about 36 percent. Hero MotoCorp Limited (earlier Hero Honda Motors Limited) is the largest two-wheeler manufacturer in the country. In the year 2001, Hero MotoCorp got the status of the country’s largest two-wheeler manufacturer and the world number one two-wheeler company. Hero MotoCorp has plants in Gurgaon, Dharuhera, Haridwar and Neemrana in Rajasthan.
These companies also increased the prices Apart from Hero MotoCorp, other automakers including Mahindra & Mahindra, Renault, Tata Motors, Honda Cars and Toyota also announced their plans in July-August. Prices were raised.
Tata Motors had said that it is going to increase the prices of its commercial vehicles from January 1. The company had said that it has decided to increase the prices in the range of 2.5 per cent due to rising commodity and raw material prices.