Hero MotoCorp Announces Price Hike From July 1
Modified On Jun 24, 2022 01:56 PM By Nishaad Joshi for Hero Splendor Plus
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It says the hikes are to partially offset the growing inflation
Price hikes continue to be a necessary evil and whether we factor them into spending or not, they are here to stay.
India's largest selling two-wheeler manufacturer Hero MotoCorp has announced price hike on its entire range of motorcycles and scooters by up to Rs 3,000 from July 1. That said, the exact increase will depend on the specific model.
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The auto sector, which is one of the worst-hit industries due to Covid-19, is grappling with various issues like chip shortage, supply chain constraints and high commodity prices. The Indian giant hence says that the prices have been hiked to partially offset the growing inflation. This marks the company’s second price hike in two months.
In a related development, Hero has delayed the launch of its first electric scooter. Read more about it here.
