Hero MotoCorp to revise price of vehicles by approximately 2%

Automobile major, Hero MotoCorp, on Wednesday said it will make an upward revision in the ex-showroom prices of its select motorcycles and scooters, effective from April 1, 2023.

The Gurugram headquartered company said the price revision will be around 2 percent and the exact quantum of increase will vary by specific models and markets, according to a statement.

The price revision made by the company is mainly due to cost increases on account of the OBD 2 (On-Board Diagnostics) transition. Furthermore, Hero MotoCorp claims to continue offering financing solutions in order to cushion the impact on the customers.