Hero MotoCorp to hike prices from December 1; stock gains nearly 4%

The company said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures

Shares of Hero MotoCorp gained nearly 4 per cent to Rs 2,803.15 on the BSE in Monday's intra-day trade after the two-wheeler major said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures.

In the past three trading days, stock of the two-three wheelers company has rallied 5.5 per cent. In comparison, the S&P BSE Sensex was down 0.04 per cent at 62,271 at 09:26 AM.

The management said moving forward, economic indicators point towards a growth in demand, and the management