Hero MotoCorp hikes motorcycles and scooters prices; new rates effective from today

Two-wheeler giant, Hero MotoCorp notified that it has increased prices of its two wheelers by 1% with immediate effect on July 8th. The company filed a notification in BSE announcing an upward revision in the ex-showroom prices.

Two-wheeler giant, Hero MotoCorp notified that it has increased prices of its two wheelers by 1% with immediate effect on July 8th. Reuters

Two-wheeler giant, Hero MotoCorp notified that it has increased prices of its two wheelers by 1% with immediate effect on July 8th. The company filed a notification in BSE announcing an upward revision in the ex-showroom prices of its motorcycles and scooters.

''The price increase across its range of two-wheelers has been 1% (of the exshowroom price), although the exact quantum of the increase will vary on the basis of the model and the specific market'', company mentioned in the filing to BSE on Monday.

The company deals in wide range of two wheelers from gearless scooters to commuter, sports and different kinds of bikes. The shares of Hero Motocorp on Monday closed at Rs 2,380.20, losing massive 133.40 points or 5.31%.

Auto sector of India is going through a hard phase for both cars and two wheelers driven by low sales volumes across nation. The manufacturers are going for production cut or price rise to fight the present challenging market.

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