Zoom News : Nov 26, 2022, 04:00 PM
Hero Motocorp Price Hike: Be it two wheelers or four wheelers, there has been an increase in the prices of almost every category of vehicles this year. Now another two-wheeler manufacturer company is going to increase the prices of its scooters and bikes. Hero MotoCorp has announced to increase the ex-showroom prices of its motorcycles and scooters from 1 December 2022. An increase of up to Rs 1500 will be made by the company, which will depend on the specific model. In such a situation, if you are planning to buy a Hero motorcycle or bike, then you can save some money by buying before November 30.According to media reports, Hero MotoCorp's CFO (Chief Financial Officer) Niranjan Gupta said that due to the increased cost, there is a need to increase the prices of the brand's motorcycles and scooters. He also said that the company will continue with the finance scheme to minimize the impact on the customers. Gupta said the team is ramping up savings programmes, which will help them further reduce the cost impact and improve margins."The economic indicators are favorable for increased demand and the company expects higher sales in the coming quarters," Gupta said. Let us tell you that Hero Motocorp is the largest two-wheeler manufacturer in the country. Although Hero MotoCorp's sales fell by 17% in October 2022, it still sold the most vehicles. It sold a total of 4,54,582 two-wheelers. The company sold 4,42,825 units in the domestic market while the remaining 11,757 units were exported to other countries.