The country’s largest two-wheeler company Hero MotoCorp has decided to increase the price of its motorcycles and scooters by Rs 2000 from April 5. The company said in a statement that due to the continuous increase in commodity prices, it is necessary to increase the prices of the two-wheeler to offset its impact. The company has changed the showroom prices of all its products.
The company has increased the prices of its vehicles according to the model and market. Apart from the two-wheeler company, the price of many vehicles has been increased. This includes companies like Toyota Kirloskar Motor, Tata Motors, Audi, BMW and Mercedes-Benz.
Hero MotoCorp accused of misappropriation of Rs 1,000 crore
Nothing is going well these days in the auto company Hero MotoCorp. A big news related to the company is coming out. A case of misappropriation of 1,000 crores has come to the fore against the company. The Income Tax Department is analyzing the expenditure of around Rs 1,000 crore, which is suspected to be fraudulent in the investigation of Hero MotoCorp. The agency is probing digital data and several other documents as part of its investigation.
Earlier last week, it was reported that the Income Tax Department is conducting raids on several premises of two-wheeler maker Hero MotoCorp as part of the investigation of tax evasion. The raids were carried out at the offices and residential premises of Hero MotoCorp Chairman and Managing Director (MD) Pawan Munjal and other promoters.