Hero MotoCorp on Tuesday said it will increase the prices of its motorcycles and scooters by up to Rs 2,000 from April 5. The price revision has been necessitated to partially offset the impact of increasing commodity prices, the country's largest two-wheeler maker said in a statement.
The company will make an upward revision in the ex-showroom prices of its entire product range. The price revision will be up to Rs 2,000, and the exact quantum of increase will be subject to specific models and the market.
Various companies, including Toyota Kirloskar Motor, Audi, BMW, and Mercedes-Benz, have already made the announcement to increase their product prices from the next month, owing to a rise in input costs.