The country’s largest two-wheeler maker Hero Honda today said it has hiked the prices of its models in the range of Rs 500-1,500 to offset the rising input costs.
“To partially off-set the rising input costs, we have increased prices of our models in the range of Rs 500 to Rs 1,500,”a company spokesperson said.
“We have always taken a long-term view on pricing, given its strategic nature,” he said. “Hence we had consciously held back price increase on most of our products despite the rising input costs and hardening commodity prices.”
The company said the lowest hike has been on models in the entry segment while Karizma and ZMR have the highest hike of Rs 1,500.
Hero Honda sold 3,82,138 bikes in November, 7% more than the November 2009 sales.