Highlights

  • Hero MotoCorp to increase the prices of select motorcycle
  • Models by up to 1,500 rupees, starting July 1, 2024
  • Price hike aims to partially offset higher input costs

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Hero MotoCorp to raise prices of select models by up to Rs 1,500 from July 1, 2024

The statement further added that the revision has been necessitated to partially offset the impact of higher input costs

Hero MotoCorp to raise prices of select models by up to Rs 1,500 from July 1, 2024

Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs.

The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market, the country's largest two-wheeler maker said in a statement.

Also read/watch - SEBI probes suspected front-running at Quant Mutual Fund; fund house assures cooperation

"The revision has been necessitated to partially offset the impact of higher input costs," it added.

Hero MotoCorp sells a range of bikes including high selling Splendor range, HF Deluxe and Glamour.

Scooter range includes Xoom and Destini 125 XTEC.

Shares of Hero MotoCorp were trading 0.46 per cent up at Rs 5,477.20 apiece on the BSE.

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Hero MotoCorp will start raising prices from July 1, 2024.

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