Hero MotoCorp to hike prices to partially offset higher commodity prices

Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices.

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, the company said in a statement.

The price hike will be up to Rs 3,000, it said.

The exact quantum of the increase, however, will depend on the basis of the model and the specific market, the company said.

The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices, Hero MotoCorp said, adding, it continues to drive cost-saving programme aggressively, in order to minimize the impact on the customer.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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