Hero MotoCorp has announced that it will increase the prices of its motorcycles and scooters from January 4.
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Price hike to offset increasing costs
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Increase of up to Rs 2,000
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Will vary from state to state
Hero MotoCorp becomes the third two-wheeler company to announce a price hike after Ducati and Kawasaki. Like Ducati, Hero cited the steadily increasing rates of commodities for the price revision.
While Hero hasn’t specified the exact increase, it has said that price revision will be up to Rs 2,000. The company has also mentioned that the exact increase will also depend on the model and the market.
In other news, Hero recently filed trademarks pertaining to the name 'Vida', which is likely to be the sub-brand under which it will sell its electric two-wheelers. The company is readying, an electric scooter, for launch by March, and has also struck an agreement with Gogoro, a Taiwanese company, for battery swapping technology.
Azaman Chothia
Vishal Venugopal
