The price hike will amount to an average of Rs 900. Currency value depreciation cited as one of the reasons.
26 Sep 2018 | 5107 Views | By Autocar Pro News Desk
Hero MotoCorp is set to make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective October 3rd, 2018. The company has clarified that the revision has been necessitated by the increasing commodity costs and currency depreciation.
The price hike will translate to an increase of up to Rs 900, although the exact quantum of the increase will vary on the basis of the model and the specific market.
Hero MotoCorp’s Maestro now stands at the fifth spot in the top 10 scooters’ list in August 2018. The Hero Maestro has reported sales of 31,691 units. Hero MotoCorp’s Splendor brand of commuter motorcycles, which is India’s second best-selling two-wheeler brand in August too, recorded total domestic sales of 247,116 units, up 1.93 percent YoY. At No. 3 is Hero MotoCorp’s HF Deluxe, which has reported sales of 183,716 units, up 13.98 percent YoY.
Also read: Top 10 scooters in August 2018