Hero MotoCorp hike scooters & motorcycles price for third time: Details – Times of India

India’s two wheeler manufacturer, Hero MotoCorp on Thursday hiked the scooters and motorcycles price by up to Rs 1,000 with immediate effect i.e. September 22, 2022.
The company said, “The price revision has been necessitated to partially offset the impact of cost inflation.”
Further, it added, “The price revision will be up to Rs 1,000 and the exact quantum of increase will vary by model and market.”
Due to semiconductor shortage and supply chain constraints, auto manufacturers are raising the prices of their models to partly offset the effect. Owing to these reasons, overall sales has declined in the past months.
The Hero Splendor is among the best-selling models in the manufacturer’s portfolio. Hero MotoCorp reported that the Splendor recorded 10 lakh unit sales every year in India.
After the price revision, the Hero HF 100 motorcycle is priced at Rs 55,450 (ex-showroom). The flagship model, the Hero XPulse 200 4V Rally Edition is now priced at Rs 1.52 lakh (ex-showroom).
The Hero Pleasure Plus is priced at Rs 66,250 and goes all the way up to Rs 85,948 for the top-spec variant of the Hero Maestro Edge 125 (both prices are ex-showroom).

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