The motorcycle and scooter manufacturer, Hero Motocorp, is planning to raise the prices of certain models by approximately 1% starting from October 3.
The company announced this in a statement on Friday, mentioning that there will be slight increases in the prices (before taxes) of specific motorcycles and scooters beginning October 3, 2023.
As per the information, the price increase will be around one percent. The actual price change will differ based on specific models and locations.
The company mentioned that these price adjustments are part of their routine assessment to stay competitive, consider inflation, maintain profit margins, and manage market share.
Up to 30% return in 6 months
The shares of the car company Hero Motocorp (Hero Motocorp Share Price) have been doing well for investors.
In the past 6 months, the stock has gone up by over 30 percent.
It has also increased by 13 percent this year. Over the past year, the returns on shares have been 20 percent.
