Hero MotoCorp, the world’s largest two-wheeler manufacturer (from sales) has made a big announcement. The company will be updating its range of vehicle prices starting July 1. After that the price of scooters and bikes is around Rs 3,000. However, the company has not given any information on how much the model will cost.
The company, in a statement to the media, said the prices will be so high that it will depend on a variety of vehicles. The new prices will be implemented nationwide from July 1. The company cited the increase in input costs as the reason for the price increase. Vehicle prices have been rising due to the increase in cost, and the company is constantly running savings programs to reduce the burden on consumers’ pockets, the publication said.
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Let us tell you that recently, the country’s largest car maker Maruti Suzuki also announced an increase in the price of its cars from July 1. Maruti Suzuki, in its statement, said the increase in the cost of production of vehicles has been increasing.
The second wave of the corona epidemic has had a bad impact on the auto sector. Due to locks in various parts of the country, both sales and production of vehicles have been affected. Earlier, automakers had raised the prices of vehicles in January and April. Experts say the price of vehicles is increasing as steel, aluminum and plastic are rising.