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Hero MotoCorp To Increase Prices Across The Range From 2018
Looking to buy a Hero MotoCorp bike this December 2017. Then you need to read about Hero MotoCorp bike prices in India.
India's largest two-wheeler manufacturer Hero MotoCorp has announced that it will increase the prices of its entire product portfolio, starting from January 2018.
Hero MotoCorp has decided to increase the prices due to the rising input costs. The prices of all the models will increase by about Rs 400 from January 1, 2018.
Currently, the Indian product portfolio of Hero MotoCorp includes motorcycles and scooters ranging from HF Deluxe, Pleasure to the Karizma ZMR. The Hero HF Deluxe is priced at Rs 43,316 onwards, whereas the Karizma ZMR carries a price tag of Rs 1.07 lakh. All prices are ex-showroom (Delhi).
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Hero MotoCorp has also revealed its new range of commuter motorcycles, the new Passion Pro, Passion XPro and Super Splendor. All the three commuter bikes now come with exciting new features and design elements.
Hero MotoCorp will launch the new Passion Pro, Passion XPro and Super Splendor in the Indian market in a phased manner from January 2018 and the prices will also be revealed in 2018. Hero becomes the latest company to increase prices from 2018.
India's major car manufacturers such as Mahindra, Skoda, Ford, Jeep, Volkswagen, Nissan, Tata Motors, Isuzu and Toyota have already announced the increase in prices from January 2018 due to the fluctuating manufacturing and material cost.
In a statement, Hero MotoCorp said, "The price hike translates to about Rs 400 per model. The exact quantum of the increase will vary, basis the model and the specific market." We expect other major two-wheeler manufacturers to announce the increase in prices in the coming days.
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Hero MotoCorp has been a leading player in the commuter motorcycle segment in the country. The price hike announced for 2018 is only marginal, and it should not impact the sales of the motorcycles. Hero will also enter the performance motorcycle segment with its Xtreme 200S which is likely to be launched at the 2018 Auto Expo in February.
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