Hero MotoCorp to hike prices of motorcycles and scooters

Hero MotoCorp said that it will implement an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from next month.

The Indian automobile manufacturer said that the hike in the price has been essential to partially offset the effect of a continuous increase in commodity prices.

Hero MotoCorp said that it continues to aggressively drive cost savings program in order to lessen the impact on the customer.

The company said that the price hike across its variety of motorcycles and scooters will be up to INR 3,000 with the exact extent of the increase to depend on the basis of the model and also the specific market.

Last month, Hero MotoCorp had sold 183,044 units of two-wheelers, which included 1,78,706 motorcycles and 4,388 scooters.