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Hero MotoCorp hikes prices of scooters, motorcycles by up to Rs 2,200
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Hero MotoCorp hikes prices of scooters, motorcycles by up to Rs 2,200

Press Trust of India • May 2, 2017, 08:57:30 IST
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Hero MotoCorp has hiked prices across its entire mdel range of motorcycles—from Splendor to Karizma—and scooters such as Maestro and Duet

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Hero MotoCorp hikes prices of scooters, motorcycles by up to Rs 2,200

New Delhi: The country’s largest two-wheeler maker, Hero MotoCorp Ltd, on Monday hiked prices of its products, ranging from Rs500 to Rs2,200, and across models, to offset the impact of rising input costs. [caption id=“attachment_1313899” align=“alignleft” width=“380”] ![Reuters](https://images.firstpost.com/wp-content/uploads/2013/12/Hero-Motors-Assembly-Reuters1.jpg) Reuters[/caption] “The company raised the prices—ranging from Rs 500 to Rs2,200—across different models to partially offset the commodity cost increases, effective from 1 May,” Hero MotoCorp said in a statement. Hero MotoCorp sells a range of two-wheelers starting from entry-level bike HF DAWN to top-end Karizma ZMR, with prices ranging from around Rs40,000 to over Rs1 lakh. Last month, the company dispatched 5,91,306 units of two-wheelers, 3.49% down from 6,12,739 units in the corresponding month last year. “With the ongoing marriage season, the company expects to maintain the trend of robust retail sales in May,” the two-wheeler major said.

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