Hero MotoCorp Ltd to increase price of vehicles from Jan 1, 2021

There has been a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals. We have already accelerated our savings programme under the Leap-2 umbrella, and will continue to work on mitigating the impact, with the objective to reduce the burden on the customers and protect our margins.

In order to partially offset the impact of the commodity costs, we will be increasing the prices of our products by upto Rs. 1500, with effect from January 1, 2021. The increase will vary across models, and the exact quantum will be communicated to our dealers in due course.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3119.1 as compared to the previous close of Rs. 3112.55. The total number of shares traded during the day was 36259 in over 4698 trades.

The stock hit an intraday high of Rs. 3145 and intraday low of 3105. The net turnover during the day was Rs. 113253596.

Source : Equity Bulls

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