Auto Desk, Amar Ujala, New Delhi
Published by: Amar Sharma
Updated Tue, 21 Sep 2021 07:07 PM IST
Hero MotoCorp, the world’s and the country’s largest two-wheeler manufacturer, has once again increased the price of its motorcycles and scooters.
Hero HF 100
– Photo : Hero MotoCorp
hear the news
Hero Motocorp Price Hike News: Hero MotoCorp (Hero MotoCorp), the world’s and country’s largest two-wheeler manufacturer, has once again increased the price of its motorcycles and scooters. The ex-showroom price of all Hero MotoCorp two-wheelers has been increased from Rs 1000 to Rs 3000. The company said that it has increased the prices of its vehicles to reduce the impact of rising costs. The increased prices have come into effect from 20 September 2021.
Price hiked for the third time
Let us tell you that this is the third time in the year 2021, when the company has increased the prices of its vehicles. The company had earlier in January increased the prices of its motorcycles and scooters by up to Rs 1,500, citing cost escalation. After which the company once again increased by Rs 2,500 in April. It is believed that the increase in price may have an impact on the sales of the company, which is already affected. Let us tell you that Hero has more than 100 million (100 million) customers across the country.
how much did the price increase
How much has increased in the price of which bike will depend on its model. According to the report, now the ex-showroom price of Hero’s cheapest bike HF 100 in Bhopal has increased from Rs 49,900 to Rs 50,900. At the same time, its on-road price has increased from Rs 60,137 to Rs 61,224. That is, now to buy this motorcycle, Rs 1,087 more will have to be paid.
Will sales be affected?
Hero MotoCorp sells a wide variety of bikes and scooter models in the domestic market. The company’s wholesales in the domestic market for the month of August stood at 4,31,137 units as against 5,68,674 units in August 2020. The main reason for the increase in prices is the cost of raw materials. This includes steel, aluminum, plastic and metal. The prices of these items have increased in the last one year. This has also increased the cost of the vehicle manufacturers. In the midst of rising petrol prices, the cost of vehicles once again can affect their sales. In such a situation, people can turn to electric two wheelers.