Hero MotoCorp to hike prices of select models from July, check share price

Hero MotoCorp bike price hike news: Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs. The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market, the country's largest two-wheeler maker said in a statement. "The revision has been necessitated to partially offset the impact of higher input costs," it added.

Hero MotoCorp sells a range of bikes including high selling Splendor range, HF Deluxe and Glamour. Scooter range includes Xoom and Destini 125 XTEC.

Hero Motocorp share price

At around 12:20 pm, shares of Hero Motocorp gained as much as 0.75 per cent in Monday's trade June 24) and touched the intra-day high of Rs 5490.00 apiece on the BSE. Its market capitalisation stood at Rs 1,09,762.18 crore at around the same time.