Two-wheelers are popular in the market, the company took a big decision regarding the price; It came into effect from this month

Hero MotoCorp is one of the largest two-wheeler-selling companies in the Indian market. The company recently announced that Hero MotoCorp will increase the price of its motorcycles by 1 percent from October 3. Buying Hero bikes will become expensive for you this month. The company has increased the price keeping in mind production, margin, and market share.

The automobile manufacturer will make minor changes in the ex-showroom prices of motorcycles and scooters from October 3, 2023. The price increase will be around 1 percent and the amount of the increase will vary depending on the model and market. For your information, let us tell you that the company has increased the price for the third time within three months. Earlier, the company had increased the price on July 3. At that time the increase was 1.5 percent.

This year, in August 2023, India's largest two-wheeler-selling company sold a total of 4.89 lakh units in August. If we compare this with last year, the company had sold 4.63 units. Which has increased this year compared to last year.

At the same time, through foreign shipment, the company has sold 15,770 units in the international markets, which is more than the sale of 11,868 units in the foreign market in August 2022.