Hero MotoCorp to revise prices of its two-wheelers from Dec 1

28 Nov 2022 , 09:15 AM

Hero MotoCorp has made an announcement for the customers that it will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from December 1, 2022.

Accordingly, the price increase will be up to Rs1500 and the exact quantum of increase will vary by specific models and markets, the company said.

Announcing this here today, Niranjan Gupta, Chief Financial Officer (CFO), Hero MotoCorp, said, “The upward revision of the prices of our motorcycles and scooters has been necessitated due to overall inflationary costs. We will continue to provide innovative financing solutions in order to cushion the impact on the customers.

We have also put in place accelerated savings programs, which will help us to offset any further cost impact, and drive improvement in margins. Moving forward the economic indicators are favorable to a growth in demand, and we expect industry volumes to pick up in coming quarters.”

On Monday early morning  trade, Hero MotoCorp Ltd is currently trading at Rs2,719.60 per share up by Rs12.5 or 0.46% from its previous closing of Rs2,707.10 per share on the BSE.

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