Hero MotoCorp has raised the prices on its two-wheelers to offset the increased duty impact. The new prices have come into effect from January 1, 2015. Meanwhile, the transporters’ strike on January 6, 2015 impacted the despatches from the company’s plants in Gurgaon and Dharuhera.
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.
