INSUBCONTINENT EXCLUSIVE:
The new rates will be effective from September 20, this year.New Delhi: With festive season around the corner, India's largest two-wheeler
manufacturer Hero MotoCorp on Thursday decided to raise the ex-showroom prices of its motorcycles and scooters
The new rates will be effective from September 20, this year
"The price hike has been necessitated to offset the impact of steadily increasing commodity prices," Hero said in a notification to the
exchanges.The two-wheeler stated that the rate hike across the range of motorcycles and scooters will be up to Rs 3,000
The exact quantum of increase will depend on the model and the market.Ex-showroom is the cost of a vehicle that does not include
decline in the total number of units sold as compared to the same month last year.Other two-wheeler manufacturers may also follow the
suit.India's largest automaker, Maruti Suzuki increased its vehicle prices in September
Tata Motors, Honda Cars, Mahindra - Mahindra, Renault, and Toyota had also raised prices during the July-August period.
