Hero MotoCorp, a leading player in India’s two-wheeler market, has disclosed plans to raise prices across its motorcycle and scooter lineup starting July 1, 2024. The price adjustment, which will vary by model and market, aims to offset mounting input costs that have strained the company’s profit margins.
The decision follows a period of sustained increases in raw material prices and operational expenses, compelling Hero MotoCorp to implement this strategic move. The price revision is expected to range up to Rs. 1,500 per unit, impacting consumers across the country.
In a statement, Hero MotoCorp emphasized its commitment to delivering high-quality vehicles while navigating economic challenges. The company remains dedicated to maintaining competitive pricing strategies to sustain its market position amidst fluctuating costs.
