Five-year insurance rule: Updated Hero price list

Five-year insurance rule: Updated Hero price list

11th Sep 2018 2:30 pm

The Indian bike manufacturer’s most popular Splendor range now starts at Rs 66,192.

As you may well know by now, the latest IRDA regulation makes it mandatory for all two-wheelers sold after September 1, 2018 to come with five-year third-party insurance. As a result, two-wheeler prices have risen across the board – and in some cases, quite significantly. After we brought you the latest Bajaj, Honda, Royal Enfield and TVS price lists post this ruling, we now have Hero’s updated price tags for you. This list includes the new insurance costs (One-year comprehensive + four-year third-party insurance) for the company’s bikes and scooters.

On a motorcycle like the HF Deluxe (spoked wheels) which has an ex-showroom cost of Rs 38,900, the insurance cost is now Rs 5,531. This means that you end up paying 14.2 percent of the motorcycle’s ex-showroom cost as insurance, alone. In addition to this, adding another Rs 7,412 in RTO costs brings the total on-road cost for Hero’s most-affordable offering to Rs 52,093.

Meanwhile, the insurance cost for the newly-launched Xtreme 200R is Rs 9,494, taking the total on-road cost for the motorcycle to Rs 1.13 lakh.

All prices, on-road Mumbai.

Here is a table of the updated Hero prices:

Hero price list (Mumbai)
ModelOn-road (old)On-road (new)
HF DeluxeRs 45,200 - Rs 51,900Rs 52,093 - Rs 62,639
Splendor +Rs 52,900 - Rs 61,000Rs 66,192 - Rs 67,488
Super SplendorRs 67,200 - Rs 70,000Rs 72,975 - Rs 73,999
Passion ProRs 62,700 - Rs 64,800Rs 68,616 - Rs 70,872
Passion XPro 110Rs 65,300 - Rs 67,500Rs 71,211 - Rs 73,487
GlamourRs 73,100 - Rs 75,200Rs 77,769 - Rs 84,370
AchieverRs 79,000 - Rs 80,100Rs 83,445 - Rs 85,721
Xtreme SportsRs 87,400 - Rs 90,800Rs 95,509 - Rs 97,785
Xtreme 200R-Rs 1.13 lakh
PleasureRs 58,100Rs 63,558
Maestro EdgeRs 66,800 - Rs 67,900Rs 65,720 - Rs 67,313
DuetRs 58,100Rs 65,426

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