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Hero MotoCorp to hike prices of motorcycles by Rs 400 from January

The price hike translates to about Rs 400 per model

Press Trust of India  |  New Delhi 

Hero Motorcorp
Photo: Hero Motorcorp twitter handle

Two-wheeler market leader on Friday said it will increase prices of its across models by about Rs 400 per model on an average from January to partially offset rising input costs.

The company is the latest firm after Hyundai, Nissan, Mahindra & Mahindra, Volkswagen, India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu, to announce price hikes from early next year.

"The price hike translates to about Rs 400 per model. The exact quantum of the increase will vary, basis the model and the specific market," said in a statement.

The company sells a range of starting from entry level HF Deluxe price at Rs 42,432 onwards to Karizma ZMR tagged at around Rs 1.10 lakh.

firms usually announce price hikes in December as they try to woo customers, who usually postpone purchases to acquire vehicles in the new year.

First Published: Fri, December 22 2017. 13:40 IST