Hero: Usually, every year on April 1st, the start of the financial year, the automobile companies revise the prices of their vehicles taking into account the cost of production and taxes. Sometimes the respective companies will announce the price hike in the interim only for certain vehicles.
However, Hero Company has now announced the price hike on July 1st. In a press release issued by the company, Hero Motorcycle has increased the ex-showroom prices of its company’s motorcycles and scooters by a certain amount from July 1.
It is said that this price increase is due to the increase in vehicle production input cost, and this price increase will be only up to 1500 maximum taking into account the production cost of each vehicle. It is said that there may be no increase in prices for certain vehicles.
It is noted that Hero Company has experienced a significant decline in the month of May 2024 this year as compared to the previous month of May 2023. In May 2024, 4,98,123 vehicles were sold, while last May 2023, 5,19,424 vehicles were sold. It is noted that 26,937 scooter vehicles were sold in May 2024 and 30,138 vehicles were sold in May 2023.
The post This is new.! Hero announced the increase in the price of vehicles..! appeared first on oneindias.
