OFFICIAL STATEMENT FROM HERO MOTOCORP ON PRICE INCREASE
There has been a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals. We have already accelerated our savings programme under the Leap-2 umbrella, and will continue to work on mitigating the impact, with the objective to reduce the burden on the customers and protect our margins.
In order to partially offset the impact of the commodity costs, we will be increasing the prices of our products by upto Rs. 1500, with effect from January 1, 2021. The increase will vary across models, and the exact quantum will be communicated to our dealers in due course.