Hero MotoCorp announces a price increase.
The price hike is effective from Jan 1.
The increase is marginal, up to Rs 2000 depending upon the model.
The exact amount will vary.
Hero MotoCorp has announced that it will increase the price of products across its range from January 1, 2020. The price increase will be up to Rs 2000.
The actual amount will vary as per the model, but will not exceed the amount of Rs 2000. The manufacturer has not given an explanation for the price increase. It isn’t linked to the BS Vl emission norms, which will have a much more significant impact on the price of products.
It is traditional for manufacturers to hike the prices of products slightly with a new calendar year, but manufacturers could put it off this year, to help sales. The added impetus of needing to clear BS lV stock before the new emission norms kick in will no doubt be a factor in at least a few manufacturers deciding against hiking prices this January.