According to the company, upward corrections are needed to partially reduce the impact of rising product prices.
Hero XPulse 200 4V. (Photo: Hero MotoCorp)
Hero MotoCorp, head of two-wheelers, recently announced that it will revise the ex-showroom prices of their motorcycles and scooters from April 5. According to the company, upward correction is needed to partially reduce the growing impact on product prices.
“Prices will be revised up to Rs 2,000 and the exact amount of increase will be subject to specific models and markets,” the company said in a statement.
On Saturday, automaker Toyota Kirloskar Motor (TKM) said it would recover the price of their models by up to 4 percent, effective April 1. The company said the increase was due to rising input costs, including raw materials .
“As a committed and customer-centric company, TKM has made all conscious efforts to reduce the impact of rising costs on customers,” a TKM spokesperson said in a statement.
Luxury automobile maker BMW India has said it will raise prices by up to 3.5 per cent across the effective model range from April 1.
The price increase will be implemented to adjust material and logistical costs, the impact of the current geopolitical situation and the exchange rate, the company said.
Earlier, another luxury car maker, Mercedes-Benz India, announced an upward revision in the price of its entire model range, effective April 1. According to Mercedes-Benz India, the upcoming price correction will be within 3 percent of the overall. Model range. It said that in addition to the increase in logistics rates, the continuous rise in input prices was putting significant pressure on the overall cost of the company.