Hero MotoCorp, India’s largest two-wheeler makers, has raised the price of their products in the run-up to the festive season. The company has increased prices in the Rs 250-550 range with effect from September 22 on some products, except for its top-selling scooter, Maestro. The Delhi-based company attributed the price rise to rising input and transportation costs.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
