Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced a forthcoming increase in prices across select models of motorcycles and scooters, effective July 1, 2024. The revision aims to mitigate the impact of rising input costs, with the price adjustments anticipated to be up to Rs. 1,500 per unit.
The decision comes in response to escalating costs of raw materials and operational expenses, necessitating a strategic adjustment to maintain profitability and operational efficiency. Hero MotoCorp has clarified that the extent of the price hike will vary by specific model and market conditions.
In a statement released today, Hero MotoCorp emphasized its commitment to delivering quality products while ensuring sustainable growth amid economic challenges. The company remains focused on maintaining competitive pricing strategies in the dynamic automotive market landscape.
