Hero MotoCorp has recently disclosed that it will be hiking its two-wheelers prices from next month onwards. The key reasons are the rising costs of raw materials and the falling rupee rate due to which Hero MotoCorp is increasing the price. Now depending on the vehicle model and the state in India it is sold, a price increase of up to Rs 900 will come into effect from 3rd October 2018. Hero MotoCorp is increasing the prices of its two-wheelers for the second time in this year. Last time it had hiked its vehicles prices was in April 2018, and that too by Rs.625 to compensate for the rising cost of raw materials.
The entire model lineup of Hero MotoCorp, consisting of 21 two-wheelers will be affected by this move. These includes all the motorcycles and scooters like the low-priced, the 97cc Hero Dawn HF which retails for Rs 37,625 to the flagship model 223cc Karizma ZMR, priced at Rs 1,10,500 (all prices ex-showroom Delhi). Hero Motocorp, despite the price hike, has still managed to be a top seller three times this year. In the months of May, June and August, it sold the highest number of two-wheelers in India.
If you are looking to buy a new Hero bike or a scooter, the ex-showroom price hike might seem frivolous. But do bear in mind the mandate by the government states that, all the new two-wheelers from 1 September 2018 will have five-year third-party insurance coverage instead of the previous one-year coverage. This has hiked the two-wheeler’s on-road price considerably and hence, ends up in you paying a hefty on-road price from now on.
Hero MotoCorp have also recently launched a new motorcycle in India, the Xtreme 200R, endorsed by Virat Kohli. India’s top two-wheeler manufacturer has also a few launches coming up like the 200cc adventure bike known as the Xpulse and a 125cc scooter labeled as the Destini.