Hero MotorCorp announces its price hike for next year. The company announced it would make an upward revision in the ex-showroom prices of its range of scooters and motorcycles. The new prices will come into effect from January 4th 2022. Hero MotoCorp mentioned that the increase in commodity prices led them to take this price hike decision. With this, the prices of Hero Motocorp range of products will go up by up to INR 2,000. The same price hike will depend upon the market and model. Along with Hero MotoCorp, a host of other automotive manufacturers have also announced their price hike for next year.
Hero MotoCorp is the world’s largest two-wheeler manufacturer, is also looking to enter this segment soon. The two-wheeler manufacturer had teased its electric vehicle as a part of its 10th-anniversary celebrations. From the initial glimpse, the vehicle seems to have a look of a conventional scooter. We do not have an official spec sheet as of yet, but Hero MotoCorp has confirmed that the scooter will be manufactured at its plant in Chittoor, Andhra Pradesh that’s aptly called the ‘Garden Factory’. With Hero MotorCorp entering the segment, the Indian e-mobility segment will get a major boost. In terms of charging infrastructure as well, we can expect some massive developments.
Recently Hero MotoCorp announced the launch of its Retail Financial Carnival. Under this, the customers will get a host of financial offers to choose from. This includes zero interest rates, zero processing fee and zero down payment. Hero MotoCorp aims to attract a wide range of audiences and boost its year-end sales. The sale of ICE two-wheelers has been hit hard in these Covid times. With the increase in fuel prices, customers are more inclined towards getting electric vehicles. With this financial carnival, Hero MotoCorp aims to attract more customers to its showrooms, or we should say its online channels as per current times.
Also Read: Year-end festivities by Hero MotoCorp, Retail Finance Carnival.