Two-wheeler market leader Hero MotoCorp on Monday said that it will increase prices of its motorcycles and scooters by up to ₹2,000 from January.
The price hike will be across range of two-wheelers and the exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement.
It, however, did not specify reasons for the plan to hike prices.
The company currently sells a range of motorcycles and scooters priced between ₹39,900 and ₹1.05 lakh. Last week, the country’s largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs.