Hero Splendor: Hero, the renowned two-wheeler manufacturer, has recently shocked its customers by increasing the prices of its bikes and scooters. The company has informed the stock exchange about this development, stating that it is raising the prices of its selected vehicles. This price hike will come into effect from October 3rd. According to the company, it will increase the prices of these vehicles by 1 percent. Consequently, the prices of several two-wheelers, including the popular Splendor, will see a rise.
The company justifies this increase by mentioning the rising production costs and the increased prices of raw materials. During the regulatory filing, Hero has stated that this price revision is a part of its review policy. It is important to note that the company had already announced an increase in the prices of its popular motorcycle, Karizma XMAR, from October 1st. The price of this bike has increased by up to INR 7,000.
Previously, the Karizma XMAR was priced at INR 172,900, but now it can be booked for INR 179,900. The booking for this offer will be open until September 30th. It is worth mentioning that Hero’s sales have already grown by 6 percent in August, with a total of 488,717 units sold. This surge in demand has also affected the export allocation, contributing to the increase in prices of Hero’s vehicles.
And in the last, Hero has surprised its customers by raising the prices of its bikes and scooters. The company has attributed this increase to higher production costs and the rising prices of raw materials. This price hike comes in line with the company’s review policy. Customers who are interested in purchasing Hero vehicles during the festive season should be prepared to pay a higher price.
Summery:
– Hero has announced an increase in the prices of its bikes and scooters.
– The price hike will be implemented from October 3 and will be a 1% increase.
– The increase in prices is due to higher production costs and increased prices of raw materials.
– The popular motorcycle Karizma XMR will also see a price hike from October 1.
– The company’s sales have increased by 6% in August, leading to an increase in export demand and prices of vehicles.
– Customers who wish to purchase these vehicles during the festival season will have to pay a higher price.
