Hero MotoCorp decided to price cut across product portfolio ranging from 2% going up to 5% with the maximum reduction being Rs 4500. The company decided to pass on the entire benefit of the excise duty cut to customers.
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.