Hero MotoCorp to Raise Two-Wheeler Prices by 1.5% Amidst Weak June Sales

Hero MotoCorp to Raise Two-Wheeler Prices by 1.5%
Hero MotoCorp to Raise Two-Wheeler Prices by 1.5%

by Tanushree Jaiswal Last Updated: Jul 28, 2023 - 10:54 pm 518 Views

Hero MotoCorp, a leading motorcycle and scooter manufacturer, will raise the prices of its vehicles starting from July 3, 2023. The company announced a moderate increase of around 1.5% on the ex-showroom prices of its motorcycles and scooters. However, the actual percentage may differ across various models and markets.

Hero MotoCorp experienced a decline in sales during June 2023 compared to the same period last year. Overall sales amounted to 436,993 units, reflecting 10% drop from the previous year's sales of 484,867 units. Domestic sales decreased by 8.7% to 422,757 units compared to 463,210 units in June 2022. Similarly, exports suffered a substantial decline of 34.3%, with only 14,236 units exported in June 2023 compared to 21,657 units in June 2022.

Hero MotoCorp, a key player in the Indian two-wheeler market, has raised prices due to factors like rising input costs, inflation, and market dynamics. They aim to stay profitable and maintain their industry position by adjusting vehicle prices and finding a balance between customer value and financial stability.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Plaza Wires IPO Anchor Allocation at 28.06%

About the Plaza Wires IPO Plaza Wir

  • Sep 29, 2023
Master Components IPO Opens Flat, Closes Flat

Flat listing for Master Components IPO, closes flat too

  • Sep 29, 2023
Emami Acquires 26% Stake in Axiom Ayurveda, Enters Health Juice Segment

On 29-sep-2023, Emami Ltd., a prominent Indian FMCG company, made an exciting foray into the health juice category by acquiring a 26% stake in Axiom Ayurveda Pvt Ltd, the firm behind the popular AloFrut brand of beverages.

  • Sep 29, 2023