You are here: Home » PTI Stories » National » News
Business Standard

Hero MotoCorp to hike prices of two-wheelers by Rs 2,000 from January 1

Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs.

Hero MotoCorp | two wheeler sales | Hyundai

Press Trust of India  |  New Delhi 

Hero MotoCorp
Customers look at a Hero MotoCorp showroom in Ahmedabad (Photo: Reuters)

Two-wheeler market leader on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January.

The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, said in a statement.

It, however, did not specify reasons for the plan to hike prices.

The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh.

Last week the country's largest car maker had announced that would hike prices of its vehicles from January to offset rising input costs.

Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move.

Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, December 09 2019. 18:45 IST