Big blow! Hero MotoCorp vehicles will be costlier from December 1.

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Country’s biggest two-wheeler (Two-Wheeler) Hero MotoCorp manufacturing company (Hero MotoCorp) Has given a big shock to the customers. Hero MotoCorp The company has announced an increase in the prices of its two-wheeler by up to Rs 1,500 from December 1. Due to this, other vehicles including Hero Deluxe, Splendor and Passion will become expensive.

The reason given for the increase in making cost
According to Hero MotoCorp, the increase in the prices of bikes and scooters has been necessitated due to the cost of making. The company’s Chief Financial Officer Niranjan Gupta said that it has become mandatory to increase the price of motorcycles and scooters. Due to inflation, the cost of different components of vehicles has increased, hence their overall making cost has increased. That’s why we are going to increase the price of all vehicles.

Individual increase in the price of all vehicles
These vehicles will become costlier by Rs 1,500 from December 1. The price of all vehicles will be increased separately. Hero’s Splendor has remained the number-1 motorcycle in the country for many months. Hero sold 2,61,721 units of the Splendor in October.

Earlier in September the prices were increased
Earlier, Hero MotoCorp had increased the prices of vehicles in the month of September this year as well. Till date, the company had increased the ex-showroom price of all two-wheeler models by Rs 1000 to Rs 3000.

Prices increased 4 times last year
Hero MotoCorp has increased prices four times in 2021. The company had made its vehicles expensive in January, April, July and September. Even then, the reason behind the increase in prices was said to be the expensive raw material.