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Hero MotoCorp to increase two-wheeler prices from July 1

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.

Updated on: Jun 24, 2024 10:58 AM IST
By HT News Desk
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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."

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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)

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.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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