
Hero MotoCorp to hike prices from April; stock surges
According to the company, the decision has been necessitated mainly due to cost increases on account of the "OBD 2 transition."
According to the company, the decision has been necessitated mainly due to cost increases on account of the "OBD 2 transition."
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
Hero MotoCorp, the world’s largest maker of two-wheelers and scooters, plans to leverage the licensing agreement with Harley-Davidson to double down on the profitable segment of premium motorcycles.
Hero MotoCorp has attributed overall inflationary costs as the reason for increasing vehicle prices. The exact quantum of increase will vary by specific models and markets.
Vodafone-Idea shares opened a tad lower at ₹8.53, against the previous closing price of ₹8.57 on the BSE.
With a premium product, Hero is neither expecting nor wishes to drive volumes right up front. It is also concurrently working on an export strategy and has identified potential markets.
Honda, which trailed its Indian counterpart by 1.7 lakh vehicles in May, surpassed the behemoth by about 33,000 vehicles.
The Sensex and Nifty are poised to open higher on Tuesday, following gains in global peers and firm trading on SGX Nifty futures.
It’s the third hike by Tata Motors this year after it raised the prices of its passenger vehicles by 0.9% in January and the commercial range by 2.5% in March
The stock price got a boost after Hero MotoCorp decided to hike the prices of motorcycles and scooters from July 1, 2022, by up to ₹3,000, citing high input costs