Hero MotoCorp To Increase Two-Wheeler Prices From January 2022

Hero MotoCorp has announced a price hike on all the entire range of the company's motorcycles and scooters from January 4, 2022. In a press announcement, Hero MotoCorp has said that the price hike has been necessitated to partially offset the impact of steadily increasing commodity prices. Prices of Hero motorcycles and scooters will be increased by up to Rs. 2,000 and the quantum of increase will depend on the model and the market, the company said. In September 2021, Hero had announced another price hike across its range of motorcycles and scooters.

Also Read: Hero MotoCorp Launches Retail Finance Carnival

The new Hero XPulse 200 4 Valve retains the same dimenstions, but gets new dual-tone colours, and graphics. Kerb weight has increased by 1 kg, and seat height by 2 mm. Prices of the XPulse 200 4 Valve will also go up from January 2022.

The steadily increasing prices of motorcycles and scooters will be a dampener for two-wheeler buyers, with the domestic Indian two-wheeler industry yet to recover from market challenges. While the festive season did see increased consumer interest, in all, 2021 has been a year filled with sluggish consumer demand. Just a few days ago, Hero MotoCorp announced a country-wide retail finance carnival offering exciting retail finance schemes to customers through Hero MotoCorp's finance partners. Attractive offers such as zero downpayment, zero rate of interest and zero processing fees have been announced for customers till December 31, 2021.

Also Read: Hero MotoCorp Sales Skid 69 Per Cent In November 2021

The Hero Splendor+ is India's highest-selling motorcycle.

In the April to November 2021 period, Hero MotoCorp despatched over 33.60 lakh motorcycles and scooters, with domestic sales volumes accounting for 31.63 lakh units. The overall year-to-date sales volumes in the period is still 11 per cent less than what Hero had despatched in the same period a year ago. But domestic market sales volumes in the same period have declined by 14 per cent for Hero MotoCorp.