25/10/2021

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Hero MotoCorp to hike prices again by up to INR 3,000, Auto News, ET Auto

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This will be the two-wheeler maker’s 3rd rate hike in a 12 months adhering to revisions in April and July.

New Delhi: World’s major two wheeler maker Hero MotoCorp on Thursday mentioned it will hike the ex-showroom rates across the vary of bikes and scooters up to INR. 3,000, from September twenty, 2021. The actual quantum of enhance will depend on the design and the sector.

This will be the two-wheeler maker’s 3rd rate hike in a 12 months adhering to revisions in April and July.

“The rate hike has been necessitated to offset the effects of steadily raising commodity rates,” the automaker mentioned in a statement.

“With a number of constructive indicators, the enterprise continues to be optimistic about need as it gears up for the upcoming festive period,” the statement extra.

In August 2021, the enterprise clocked 431,137 unit profits in the domestic sector, down 24% from 568,674 units in August 2020.

In the PV phase, a number of carmakers like Maruti Suzuki, Tata Motors have also elevated rates on their motor vehicle models thanks to enhance in uncooked elements rates.

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The two-wheelers, comprising more than fifty units of Xtreme 160R bikes and twenty units of Destini one hundred twenty five scooters, had been shipped to the state’s Director-Normal for Health and fitness Providers at the start of Corona Warriors on Wheels challenge less than the company’s CSR platform ‘Hero WeCare’, a launch mentioned.