Hero MotoCorp Hikes Two-Wheeler Prices

Hero MotoCorp on Thursday said it has increased prices of its two-wheelers by up to Rs 1,000 to partially offset the impact of cost inflation.

In a regulatory filing, the company said, it has made an upward revision in the ex-showroom prices of its motorcycles and scooters, with immediate effect.

"The price revision has been necessitated to partially offset the impact of cost inflation," it said, adding, the hike "will be up to Rs 1,000 and the exact quantum of increase will vary by model and market".

Hero MotoCorp sells a variety of motorcycles and scooters ranging from entry level bike 'HF 100' priced at Rs 55,450 to XPULSE 200 4V priced at Rs 1.36 lakh (ex-showroom Delhi).

The current market price of the stock of Hero MotoCorp is Rs 2775 apiece after an intraday decline of 0.02%. The company has a market capitalisation of Rs 55,464.66 crore. The stock's 52-week high is Rs 2950 apiece and 52-week low is Rs 2148 apiece, respectively.

Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest manufacturer of two - wheelers, based in India. In 2001, the company achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the 'World No.1' two-wheeler company in terms of unit volume sales in a calendar year. Hero MotoCorp Ltd. continues to maintain this feat.