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Hero MotoCorp to increase prices of two-wheelers up to ₹2,000 from 1 Jan, 2020

Two-wheeler company Hero MotoCorp on Monday announced an upward revision in prices of its products effective 1 January, 2020.

Price increase across the company’s range of two-wheelers will be up to 2,000.

Exact quantum of increase will vary on basis of model and specific markets.

On Monday, the company’s stock on BSE closed 0.7% higher at 2,379.

The company currently sells a range of motorcycles and scooters priced between 39,900 to 1.05 lakh.

Last week the country’s largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs.

Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move.

With inputs from PTI

Source: Livemint