Hero MotoCorp announces price hike for motorcycles and scooters starting July 2023

Effective from July 3, 2023, Hero MotoCorp, a leading name in the automotive industry, will implement an approximately 1.5% increase in the ex-showroom prices of its motorcycles and scooters.

The precise amount of the increase will be model-specific and vary across different markets.

This price adjustment comes as part of the company’s routine review of prices, which takes into consideration various factors such as input costs, business needs, and price positioning. Even as prices are revised upward, Hero MotoCorp reaffirms its commitment to easing the impact on customers through innovative financing programs.

The automobile manufacturer anticipates a surge in demand given the advent of monsoon season across large parts of India and the positive indicators from the overall economy. As a result, industry volumes are projected to increase, potentially peaking during the upcoming festive season.