Two-wheeler maker Hero MotoCorp, on Friday, stated it can hike costs of its bikes and scooters by round 1.5 per cent from July 3, citing a number of elements, together with an increase in enter prices.
The corporate, which raised costs by round 2 per cent in April this yr, stated the precise quantum of its newest enhance would range by particular fashions and markets.
“The upward revision of the costs of bikes and scooters is a part of the worth evaluate that the corporate undertakes infrequently, preserving in thoughts varied elements like worth positioning, enter prices and enterprise imperatives,” it added.
Hero MotoCorp additional stated it can proceed with progressive financing programmes to minimise the affect on the shoppers.
“The onset of monsoon in most elements of the nation and total financial indicators bode effectively for a development in demand, and business volumes are anticipated to select up, main into the upcoming festive season,” it added.
