Business Daily from THE HINDU group of publications
Tuesday, Aug 01, 2006
Business Daily from THE HINDU group of publications Tuesday, Aug 01, 2006 |
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Corporate
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Announcements
Our Bureau
New Delhi , July 31 Two wheeler maker Hero Honda on Monday announced a marginal increase in prices of their motorcycles ranging from Rs 500 to Rs 2,000. According to the company, this decision was taken to compensate for the increased inflationary costs in raw materials such as steel, aluminium, rubber, etc. The new price revisions will come to effect from August 1 and will impact the company's operating margins, it said. The company has increased the price of Hero Honda CD Dawn by Rs 1,000. Prices of Hero Honda Splendor +, Hero Honda Passion Plus and Hero Honda Achiever have been increased by Rs 750. A price increase of Rs 500 will be adopted on Hero Honda Super Splendor. The price of premium model Karizma has been increased by Rs 2,000. There is no change in prices of Hero Honda CD Deluxe, Glamour and Pleasure. Commenting on the price increase, Mr Pawan Munjal, Managing Director, Hero Honda Motors, stated, "The substantial increase in steel, aluminium and rubber prices was impacting our operating margins. To offset the increase in raw material costs we have announced a marginal price increase."
More Stories on : Announcements | Two/Three Wheelers | Hero Honda Motors Ltd
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