New Delhi: Hero MotoCorp is planning to revise the ex-showroom prices of its motorcycles and scooters, with effect from September 20, 2021. The company is making the changes ahead of the Festive season.
According to a statement released by the company, The price hike of motorcycles and scooters will be up to Rs. 3,000. However, the exact increase in price will depend on the model and the market. India’s largest two-wheeler MotorCorp remains optimistic about the demand of the two-wheeler as it gets ready for the upcoming festive season.
As per reports, Hero MotoCorp reported a 22% dip in total sales at 4,53,879 units in August as compared with the same month last year.
The company had dispatched 5,84,456 units to its dealerships in August 2020. In the domestic market, the company sold 4,31,137 units last month, down 24 percent from 5,68,674 units in the same period last year, Hero MotoCorp said in a statement.
The company said it is gearing up for the upcoming festive season, considering several positive indicators, such as the decent monsoon resulting in encouraging farm activity in most parts of the country, and the several government schemes in the social sector, the two-wheeler company remains optimistic about demand in the coming months.