Hero MotoCorp has hiked the price for its range of products with effect from July 1, 2021. The company stated that the continuous increase in commodity prices compelled them to make this move. This price hike will make Hero MotoCorp’s range of products dearer by up to INR 3,000. The exact price hike will depend upon the model and the specific market.
With the decreasing Covid-19 cases and reopening of the showrooms and manufacturing facilities, we are witnessing this price hike trend to pick up the pace. Recently, other automobile manufacturers also made similar announcements and made some price revisions in their lineup.
Hero MotoCorp & Its Recent Key Highlights
With the slowdown in the sales of vehicles in the given restricted conditions, Hero MotoCorp managed to sell close to 1,83,044 units in May 2021. Due to the closure of manufacturing plants and the lockdown scenarios, the figure is below the expectations as the pandemic proved to be a deterrent for new vehicle sales. Hero MotoCorp also took many various Covid-19 related measures to support the nation to fight the deadly virus. Under the ‘Hero We Care’ initiative, the company tied up with Gurugram District Administration and set up a 100-bed Covid Care Centre. In the interest of its customers, Hero MotoCorp had also extended all its warranty and complimentary services.
In Other News
Given the growing demand for electric vehicles in India, Hero MotoCorp announced its tie-up with Gogoro, a Taiwanese e-mobility company. Hero MotoCorp will aim to make its mark in the electric vehicle segment in India with this new collaboration. The company also has 34.58 per cent in Ather Energy, one of the top emerging electric vehicle companies in India. Hero MotoCorp is also planning to improve the e-mobility infrastructure in India by building a battery swapping platform.
- Hero MotoCorp extends free service, AMC & warranty period in India.
- Hero MotoCorp will increase production, all plants resuming operations next week.