Hero MotoCorp has decided to increase the prices of its motorcycles and scooters. The increased price of scooters and motorcycles will be applicable from 20 September 2021. This is not the first time that the company is going to increase the price of its models. Even before this, the company has increased the price of its products 3 times this year. That is, this time this is the fourth price hike from the company.
how much will the price increase
Now let’s talk about how much the company will increase the price of its products, then let us tell you that in this fourth price hike of the company, the price is going to increase by Rs 3,000. That is, if you buy Hero Two Wheeler today, then you can buy it cheaper, whereas from tomorrow you will have to buy two wheeler of your Diamond at an increased price.
when the price increased
In January this year, the company had increased the price of its two wheelers by Rs 1,500. After this, the company did a price hike of Rs 2,500 in April 2021. At the same time, in July 2021 also, the company had increased the price of its products by Rs 3000.
Why did the price increase?
According to the company, due to the increase in input cost, the company has again decided to increase the price of its products. The company has confirmed that the price will be increased by up to Rs 3000, which will depend on different models.
The company’s eyes on the festive season
Hero MotoCorp is eyeing the upcoming festive season. The festive season is not far away in India and the company is preparing to boost its sales this season. The company’s share in India’s two wheeler market is more than 36%, while Honda’s market share is 25%.