Hero price hike 2021 – the reason given by the company is the consistent increase in commodity prices that is also a resultant of the continuous hikes in fuel prices…
Recently, India’s largest car seller Maruti Suzuki announced a price hike on its model portfolio. This has been followed up by the biggest 2-wheeler manufacturer Hero MotoCorp as well.
Hero has shot in a press release announcing a price hike on its 2-wheeler models with effect from 1st July 2021. The company says that the quantum of the price increment will be upto Rs 3000 and will depend on the respective models.
Hero Price Hike Announcement – Reason
Hero says that this price increase has become inevitable due to the continuous rising commodity prices. It adds that it is trying to pass on the minimum impact on the customer.
It must be known that everything that needs transportation has become costlier because of the incessant rise in the prices of petrol and diesel.
Since May 2021, fuel prices have been hiked more than 27 times and there has been no rollback of the excise duty that was hiked when the international crude prices went pretty low.