New Delhi. If you are thinking of buying a new bike or scooter from Hero MotoCorp, then soon it is going to be more heavy on your pocket than ever before. Hero MotoCorp, one of the country’s largest two-wheeler manufacturer, announced on Thursday that the company is going to increase the prices of all its bikes and scooters. However, Hero MotoCorp is not the first company to increase the price recently. Even before this, many four-wheeler and two-wheeler manufacturers have announced to increase the price from the new year.
When will the increased price be applicable?
The company has announced an increase in the price, but it will not be implemented immediately. Giving information, the company said that next year i.e. in 2022, the increased price will be applicable from January 4.
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How much more will I have to pay?
Along with giving information about increasing the price, the company also told how much the price will increase. The company has increased the price of all its bikes and scooters by up to Rs 2000. This increased price may vary according to the models and markets.
Price hiked for the third time in 6 months
This is not the first time that Hero MotoCorp has increased the price of its bikes and scooters. The company has increased the price 3 times so far in the last 6 months. Earlier this year from July 1, the company had increased the price of its bikes and scooters by Rs 3,000. After this, the company had increased the price again from 30 September. In such a situation, increasing the price once again recently is the third chance for the company to increase the price in the last 6 months.
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reason for raising the price
However, the company has not given any clear reason for increasing the price. But according to a recent report, the reason for this is related to the production cost. According to the report, the cost of production of automobile business has increased significantly in the recent past. The biggest reason for this is the lack of semiconductor chips in the country. Due to the Corona epidemic, the problem of semiconductor chips has arisen not only in the country but all over the world. In such a situation, due to foreign dependence in this matter, many industries have suffered, including the automobile sector. Due to this the production cost also increased significantly, due to which the raw material also became expensive and at the same time the pace of production also slowed down. This has affected many big four-wheeler and two-wheeler manufacturers, including Hero MotoCorp. In such a situation, the company is increasing the price of its bikes and scooters from January 4, 2022 to compensate for this loss and to increase the earnings.
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