Hero MotoCorp has announced that it will hike the prices of select two-wheelers in its lineup. While the manufacturer is yet to specify which models will be affected by this, it did state that the price hike would be up to Rs 1500 and will vary according to model. The price hike will be applicable from July 1 onwards, and according to Hero “has been necessitated to partially offset the impact of higher input costs”.
Also Read: Two-Wheeler Sales May 2024: Hero MotoCorp Sales Decline 4 Per Cent To 498,123 Units
Hero MotoCorp’s sales declined by 4.11 per cent in May 2024
On the sales front, Hero MotoCorp announced a decline of 4.11 per cent in total sales for May 2024. The company sold a cumulative (domestic + exports) 4,98,123 units last month, against 5,19,474 units sold during the same month in 2023. Domestic sales for the brand stood at 4,79,450 units in May, witnessing a year-on-year decline of 7 per cent against 5,08,309 units sold in May 2023. Exports, however, increased to 18,673 units in May, growing by a healthy 67.25 per cent over 11,165 units sold in May 2023.
Also Read: Hero Xoom 110 Combat Edition Launched At Rs. 80,967
Hero recently introduced a new special edition for the Zero 110 scooter. The new Hero Xoom Combat Edition is priced at Rs. 80,967 (ex-showroom, Delhi) and brings new graphics inspired by jet fighters. Compared to the Xoom ZX, the new Xoom Combat is about Rs. 1,000 more expensive.
