The country's largest two-wheeler maker Hero MotoCorp has increased the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1.

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The price increased up to Rs 1,500, and the exact quantum of the hike varies by specific models and markets.

Hero MotoCorp Chief Financial Officer Niranjan Gupta last week said that the upward revision of the prices of motorcycles and scooters has been necessitated due to overall inflationary costs.

The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, he added.

"We have also put in place accelerated savings programmes, which will help us to offset any further cost impact, and drive improvement in margins," the two-wheeler major said.

Moving forward, the economic indicators are favourable to a growth in demand, and the company expects industry volumes to pick up in coming quarters, it added.

(With PTI Inputs)

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