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Hero MotoCorp to raise scooter and motorcycle prices by up to ₹3,000 from July 1

By Priyanka Verma 
Updated Date

New Delhi: On Thursday, June 23, Hero MotoCorp on 23 June announced that it will raise the prices of its motorcycles and scooter by up to ₹3,000 across the entire range from 1 July, 2022 onwards. “The exact quantum of increase will be subject to the specific model and market”, In a regulatory filing, the company said, The company further said, “The price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices”.

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The two-wheeler major is not the only firm to have announced price hike. In April, country’s largest car manufacturing firm Maruti Suzuki announced that it would increase prices during the month to offset the rising in input costs.

Hero MotoCorp sells a range of models, ranging from entry-level HF100 with prices starting at ₹51,450, while Xpulse 200 4V tagged at ₹1.32 lakh (ex-showroom Delhi). Owing to constant increase in input costs largely driven by pricier commodities, the carmaker already hiked vehicle prices by around 8.8 percent between January 2021 and March 2022. But in April, it on an average increased cars’ prices by 1.3 percent of all its models.

Also, several other carmakers too announced to have a raise citing similar issue related with high input costs. Likewise, Honda Cars India has raised the prices of its certain flagship models such as Honda City, Honda Amaze, and Honda WR-V by around ₹11,900 to ₹20,000 across all three models and their variants currently on offer.

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