New Delhi Hero MotoCorp After Maruti, now Hero MotoCorp, the world’s largest automobile company that makes scooters and motorcycles, has also announced an increase in the prices of its motorcycles. Hero MotoCorp has recently announced that the company will increase the prices in its scooter and motorcycle segment from July 1.
Automobile sector struggling with economic slowdown
Significantly, due to the Corona epidemic, the automobile sector around the world including India is going through a huge financial crisis. The automobile sector has faced a huge slowdown due to the lockdown. To overcome this economic hit, auto manufacturers are continuously increasing the prices of their products. After car companies, now motorcycle or scooter makers have also announced an increase in prices.
Now the name of Hero Moto has also been associated with other companies. The company is going to increase the prices of all its products from July 1. Although it has not been told how much the prices will increase, but it is expected that the prices can be increased by up to Rs 3000.
Hero MotoCorp said, there is a rise in the commodity
Hero MotoCorp has said that this increase in prices is being done due to the rise in commodity prices. The company is also focusing on cost reduction keeping in mind that there is a minimum impact on the customers. Although the exact price has not been announced yet, but it is expected that the prices of all Hero motorcycles and scooters will be increased.
Significantly, since the second wave of the Kovid-19 epidemic, prices in the auto sector in the country have been increasing continuously. Recently, Maruti Suzuki, BMW, Tata Motors have also increased the prices of their vehicles. According to sources, Mahindra company can also announce a price hike soon.