Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced that the company will hike the prices of its motorcycles and scooters from April 1, 2023. Hero’s select products will get dearer by up to 2 percent from next month and the exact quantum of increase will vary depending on the models and markets.
Hero MotoCorp price hike:
According to Hero MotoCorp, the transition to meet OBD-2 norms is said to be the primary reason for this upward price revision. In an official statement, the company said, “The price revision has been necessitated mainly due to cost increases on the account of OBD-2 transition. Hero MotoCorp will continue to provide innovative financing solutions in order to cushion the impact on the customers.”
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The statement further added, “The rural markets have been witnessing an upswing in demand, thanks to the government schemes in the social sector and healthy agricultural outputs. This augurs well for the industry as the growth momentum is expected to lead into the upcoming festive season towards the latter half of the fiscal.”
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Hero MotoCorp’s latest launches:
Hero MotoCorp recently launched the all-new Xoom 110 in India. Priced from Rs Rs 68,599, ex-showroom, the Xoom is a feature-rich 110cc scooter and rivals the Honda Activa H-Smart, TVS Jupiter, etc. The company has also introduced a new hi-tech XTEC variant of the Super Splendor. Priced from Rs 83,368, ex-showroom, it gets an LED headlamp, a digital instrument cluster with Bluetooth connectivity, etc.
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