Hero Motocorp price Hike: Motorcycles and scooters of the country’s largest two-wheeler company Hero MotoCorp will become expensive by Rs 2000 from April 5. The company has given this information yesterday i.e. on Tuesday. The company said in a statement that it is necessary to increase the prices of vehicles to partially offset the impact of the continuous increase in commodity prices. The company will revise the showroom prices of its entire product range upwards. The change in prices will be up to Rs 2000.
Prices will increase according to the model and market
Prices of the company’s vehicles will be increased according to the model and market. It is worth noting that various companies including Toyota Kirloskar Motor, Audi, BMW and Mercedes-Benz have already announced to increase the prices of their products from next month due to increase in the cost of production.
Let us inform that after the announcement of many car companies to increase the prices of their vehicles, Hero MotoCorp is the first two-wheeler company which has announced to increase the prices of motorcycles and scooters. Apart from this, Ola had announced to increase the price of its S1 Pro scooter after Holi.
Hero MotoCorp shares rose today
Hero MotoCorp’s stock is seeing a rise today, whereas yesterday its stock saw a big decline. Today Hero MotoCorp’s stock is trading at Rs 2,268 per share after gaining Rs 57.35 or 2.59 per cent.