Hero MotoCorp after market hours yesterday said that the company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from April 1, 2021.
Shares of Hero MotoCorp fell 0.83% to settle at Rs 3067.15 yesterday.
The price hike has been necessitated to partially offset the impact of increased commodity costs. The company has accelerated its cost savings program to ensure minimal impact on the customer. The price increase across the range of two-wheelers will be up to Rs. 2500, and the exact quantum of the increase will vary on the basis of the model and the specific market.
Separately, Hero MotoCorp said the company has launched the new Destini 125 'Platinum' edition. Coming close on the heels of Maestro Edge 125 Stealth and Pleasure+ Platinum, the new scooter further extends the diverse range of offerings in Hero's scooter portfolio. The Destini 125 Platinum is available at Hero MotoCorp dealerships across the country at Rs. 72,050 (Ex-Showroom, Delhi).
Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in a year.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU