Effect of inflation! Hero’s bikes and scooters are going to be expensive from this date

Hero MotoCorp has announced that it is planning to increase the price of its scooters and motorcycles. This increase will be applicable from 1st July 2022. The increased price on each model will be announced soon. Hero MotoCorp has taken the decision to increase the price after the increase in the price of raw materials. Hero Splendor is the best selling motorcycle of the Hero company.

According to the information, the prices of the company’s two wheeler can increase by up to Rs 3000. However, different prices will be increased on all models. Let us inform that Hero’s entry-level bike is the HF 100, whose price starts at Rs 51,450 (ex-showroom), while the Hero Xplus 200 4V price goes up to Rs 1.32 lakh (ex-showroom).

Hero Splendor has been the best selling in May

Talking about the sale to be held in the two wheeler segment in the Indian market for the month of April, Hero Splendor bike has topped. The company has sold 2,28,495 units of Splendor in May 2022, while 2,01,957 units were sold in April 2022. In such a situation, the company has got an increase of 13.14 percent as compared to the month of April.

Hero has also increased the price in April

This is not the first time this year that the company is going to increase the prices of its two wheeler. India’s leading two wheeler company has also announced to increase the price at the end of March, which was implemented from April 5. Now this new increase in price is being seen only after two months.

Hero MotoCorp’s best selling bike is Splendor

Hero MotoCorp has many affordable motorcycles in India including the Hero Splendor, some of which even make it to the best selling list. More recently, the company has introduced the Hero Splendor I smartphone with BS6 compliant.

Why the production of two wheeler companies was weak

The two-wheeler manufacturer has been facing a lot of trouble since the last few months, where on one hand raw material prices are increasing, while the supply of microchip is also slowing down. In such a situation, companies are facing some difficulty in accelerating production.

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