Apart from officially discontinuing a lot of models from the lineup, Hero Motocorp has increased prices of its motorcycles and scooters from 1st May 2017. The range of the price increment is between Rs 500 and Rs 2200. The reason they cite is the increasing commodity costs.
They have not revealed modelwise price hike but the maximum price increment (of Rs 2200) is on their costliest product (at the moment) – Xtreme Sports. Back when it was launched, the motorcycle costed Rs 75,725 for the dual disc variant. And current prices according to the official website are Rs 78,080 (all prices ex-showroom Delhi).
They shared this update in the official announcement of their April 2017 sales figures which dropped by three percent to 5,91,306 units. On the other hand, arch-rival Honda witnessed an emphatic growth of over 30 percent resulting in the closest ever distance between the two motorcycle makers. You can read the story here.
Hero says that they expect the sales momentum to maintain in May with the ongoing marriage season. They were also awarded as the ‘Indian MNC of the Year’ by AIMA (All India Management Association) to felicitate their rapid global expansion spree.
Hero has commenced sales of their 2017 Glamour in India as was revealed by an exclusive Bikeadvice sneak earlier. Upcoming motorcycle launches from the company include the 200cc Xtreme 200S sometime early next year, new Karizmas and the terribly delayed HX250R apart from a barrage of commuters they are known for.