Hero MotoCorp, India’s largest two-wheeler manufacturer, announced on Monday that it will raise the prices of select motorcycle and scooter models by up to Rs 1,500 starting July 1, 2024. This move aims to partially offset the impact of rising input costs.

In a statement, Hero MotoCorp clarified that the price hike will vary depending on the specific model and market. The exact amount of the increase will differ across different regions and product lines.

“The revision has been necessitated to partially offset the impact of higher input costs,” the company stated, highlighting the financial pressures stemming from increased costs of raw materials and production.

This price adjustment comes as part of the company’s broader strategy to manage cost fluctuations and maintain profitability amid a challenging economic environment. Consumers looking to purchase Hero MotoCorp’s popular range of motorcycles and scooters can expect to see these price changes reflected from the beginning of July.

Hero MotoCorp has consistently been at the forefront of the two-wheeler market in India, offering a diverse lineup of products that cater to various segments and preferences. Despite the impending price hike, the company remains committed to providing value to its customers through quality products and continuous innovation.

As the industry navigates through fluctuating input costs, Hero MotoCorp’s decision to adjust prices reflects a common trend among automotive manufacturers aiming to balance cost pressures while sustaining growth and customer satisfaction.