Hero Motocorp, one of India’s most well-known two-wheeler brands has effected a price rise on both its motorcycle and scooter range. The apparent reason for the latest price hike is depreciation of the Indian Rupee against the US Dollar, and rising input costs.
The price hike is said to be between Rs 500 to Rs 1,500 per scooter/motorcycle unit.
The latest hike has been effected on an immediate basis, so don’t fret on seeing increased price tags when you walk into book a Hero two-wheeler at your nearest showroom.
Hero’s two-wheeler has vehicles ranging from the Rs 38,000 priced HF Dawn, to the Rs 1 lakh priced Karizma ZMR motorcycle. The Indian automobile company also offers a range of scooters, including the popular 110CC Maestro scooter.
One important thing to be noted as this point tin time is that India is currently soaking in the festive season of Deepavali (or Diwali), and Hero’s latest price hike, regardless of the festival season, should lead to ‘potential buyers’ backing-off from buying the company’s two-wheelers.
However, it is not only Hero which has considered a price hike; Bajaj Auto is also expected to effect a price hike after the Diwali season in India.
Other major two-wheeler brand such as Honda, TVS and Yamaha are also said to be mulling over the possibility of effecting a price hike.
The next couple of months could also see various major car manufacturers rising the prices of their respective offerings.
Therefore, if you are looking a buying a new automobile (especially two-wheelers), then Diwali is the right time for you to go ahead.