Hero MotoCorp has increased the price of its entire lineup despite 12% fewer sales when compared to the previous year
There is a word about Hero MotoCorp which has hiked the price across its entire portfolio of two-wheelers. The official statement is not yet out on the mainstream media. The price hike is done by about 1% which will not hamper the sales further. We might see this in coming days how much exactly the prices have been hiked.
Hero MotoCorp is the largest two-wheeler manufacturer not only in India but in the World too. The company sells two-wheelers from as cheap as 100cc HF deluxe to premium Hero XPulse 200 FI in the Indian market. Hero is one company which provides best in class engine reliability as well as product quality at a reasonable price tag.
Also Read: Game Changers of the Month- June 2019
The sales of Hero MotoCorp has fallen 12% in June 2019 as its sold 88,306 unit fewer than what it sold in June 2018. This fall account to 12% which is a significant fall for any manufacturer. This downfall is due to increased prices of bikes since last one year. Last year in June Hero sold 7,04,562 units whereas in June 2019 only 6,16,256 units moved out of the showrooms.
This price hike is done owing to increase in input costs which happens for most of the manufacturers. It is not yet clear whether the price on recently launched XPulse and Xtreme 200S will be hiked or not.
Hero has made it clear that all of its products will be turned into BS6 compliant vehicles before the end of this financial year. The company is also reportedly working on several electric vehicle platforms too.
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