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Hero MotoCorp to increase prices of motorcycles and scooters

23 Jun 2021 Evaluate

Hero MotoCorp is planning to make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, 2021. The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices.

The company continues to drive cost savings program aggressively, in order to minimize the impact on the customer. The price hike across the range of motorcycles and scooters will be up to Rs 3,000 and the exact quantum of the increase will depend on the basis of the model and the specific market.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.


Peers
Company Name CMP
Bajaj Auto 10915.00
TVS Motor Company 4466.15
Hero MotoCorp 5479.80
Eicher Motors 7645.00
OLA Electric Mobilit 34.48
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