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Hero MotoCorp to increase two-wheeler prices from July 1

Jun 24, 2024 10:58 AM IST

The price revision will be up to ₹1,500, the company said in a BSE filing, adding that the exact quantum of increase would vary by specific model and market.

Hero MotoCorp announced that it would "make an upward revision in the ex-showroom prices of select motorcycles and scooters, with effect from July 1, 2024."

Customers look at a Hero MotoCorp Karizma motorbike at a Hero MotoCorp showroom.(Reuters)
Customers look at a Hero MotoCorp Karizma motorbike at a Hero MotoCorp showroom.(Reuters)

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The price revision will be up to 1,500, the company said in a BSE filing, adding that the exact quantum of increase would vary by specific model and market.

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The revision has been necessitated to partially offset the impact of higher input costs, the company said.

Read more: Markets tumble in early trade: Sensex down 140 points, Nifty at 23,450

Following the announcement, Hero MotoCorp shares turned positive and rose 0.38 per cent to hit a day high of 5,472.35.

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