Hero MotoCorp is looking to revise ex-showroom prices on select motorcycles and scooters, effective 1 April 2023.
The price revision will be around 2% and the specific quantum of increase will vary by specific models and markets.
The revision is being implemented due to the increase in costs on the back of the OBD 2 transition.
The rural markets have been witnessing an upswing in demand, thanks to the government schemes in the social sector and healthy agricultural outputs. This augurs well for the industry as the growth momentum is expected to lead into the upcoming festive season towards the latter half of the fiscal.