Hero MotoCorp has announced an increase in the prices of its two-wheeler range by up to Rs 1,000 to offset the increased cost of raw material and manufacturing. The company disclosed in a regulatory filing that it is increasing the ex-showroom prices of its two-wheeler range, which includes both scooters and motorcycles. The increase will be applicable with immediate effect. “The revision in prices has become necessary to partially offset the impact of cost inflation,” it said, adding that the increase “will be up to Rs 1,000 and the exact quantum of increase will vary according to the model and the market”. .
Hero MotoCorp sells many motorcycles and scooters in the Indian market. The range includes entry-level motorcycles, named HF100, priced at Rs 55,450, while the brand’s range-topper – XPulse 200 4V, priced at Rs 1.36 lakh (ex-showroom). The brand also sells Splendor+, Passion XTEC, Glamor XTEC, HF 100, HF Deluxe, Super Splendor, Xtreme 200S, Pleasure, Desitini and more.
Talking about the company’s future plans, it is also developing new Xpulse models. Hero MotoCorp intends to grab a share of the 400 cc adventure touring motorbike market as other companies are also entering the segment. The company is getting ready to release the Hero Xpulse 400, which will have a front fairing inspired by the motorcycles used in the Dakar rally. Along with the new Royal Enfield Himalayan 450, KTM 390 Adventure and other models, the Hero XPulse 400 will join the 400 cc adventure touring motorcycle race. The company’s naked streetfighter, the Xtreme, is also being developed in a 400 cc variant. The Hero Xtreme 400 will compete with motorcycles like the BMW G310R, KTM Duke 390 and others.