Hero MotoCorp has announced that it will make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective from April 1, 2023, due to cost increases on account of the OBD 2 transition. The price revision will be around 2%, and the exact quantum of increase will vary by specific models and markets.
A press release from the vehicle maker noted that the company will continue providing innovative financing solutions to cushion the impact on the customers.
The rural markets have been witnessing an upswing in demand, thanks to Government schemes in the social sector and healthy agricultural outputs. This augurs well for the industry as the growth momentum is expected to lead into the upcoming festive season towards the latter half of the fiscal.
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