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Hero MotoCorp announces upward revision in prices, stock rises nearly 2%

The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market

Hero MotoCorp
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BS Web Team New Delhi
Two-wheeler maker Hero MotoCorp on Thursday said it will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022.

The price revision has been necessitated to partially offset the impact of steadily increasing commodity prices.

The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market, the company said in a stock exchange filing.

Following the news, the company's scrip on BSE closed nearly 2% higher at Rs 2,394.

Similarly, Volkswagen Passenger Cars India announced that it will

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