Hero MotoCorp Hikes Prices: Two-wheeler buyers are going to get a shock of inflation from July 1, 2022. The country’s largest two-wheeler maker Hero MotoCorp has decided to increase the prices of its motorcycles and scooters. The decision of increased prices will come into effect from July 1, 2022.
According to Hero MotoCorp, due to rising commodity prices, inflation has increased, due to which the cost of manufacturing two-wheelers has increased, due to which the company has decided to increase the price of its motorcycles and scooters by Rs 3,000. Hero MotoCorp has informed the stock exchanges that from July 1, 2022, the company is going to increase the price of motorcycle scooters. The company has blamed the rising input cost for the increase in price. The company has said in its statement that due to the rise in commodity prices, it has to take a decision to increase the price. Also, the increase in price will depend on the models of motorcycles and scooters.
Hero MotoCorp has decided to increase the price of scooter motorcycles for the fourth time in the last one year. Earlier, it has been decided to increase the price by Rs 3,000 on July 1, 2021 and Rs 3,000 on September 30, Rs 2,000 from January 1, 2022 and now Rs 3,000.
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