Hero MotoCorp, the country’s largest two-wheeler maker, said it will increase ex-showroom prices of select motorcycles and scooters by 1% from Tuesday.
In a statement, the company said, “There will be a slight adjustment in the ex-showroom prices of selected motorcycles and scooters from October 3. The price increase will be around 1 per cent and the specific increase will be based on the specific models. different” and the market. “
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It added that the price adjustment was part of its regular review of product competitiveness and positioning, taking into account inflation, profit margins and market share.
This is the second time this financial year that the company has announced a price increase.
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The company has revised the ex-showroom prices of motorcycles and scooters with effect from July 3, after the last price hike was around 1.5%.
The upward revision was due to higher input costs and business demand.
