Hero MotoCorp to increase prices of its motorcycles and scooters from July 3, 2023

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from July 3, 2023.

The price increase will be around 1.5% and the exact quantum of increase will vary by specific models and markets.

The upward revision of the prices of motorcycles and scooters is part of the price review that the Company undertakes from time to time, keeping in mind various factors like price positioning, input costs and business imperatives. Hero MotoCorp will continue with innovative financing programs to minimize the impact on the customers.

The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up leading into the upcoming festive season.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2909.40 as compared to the previous close of Rs. 2828.75. The total number of shares traded during the day was 40284 in over 5797 trades.

The stock hit an intraday high of Rs. 2919.35 and intraday low of 2831.05. The net turnover during the day was Rs. 116565703.00.

Source : Equity Bulls

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HeroMotoCorp INE158A01026 Motorcycles Scooters PriceIncrease