Hero MotoCorp, the country's largest two-wheeler manufacturer, announced on Friday that it will raise prices across its range of motorcycles and scooters from December 1, the fourth such price hike in the ongoing fiscal. Other Leading OEMs such as TVS & Bajaj Auto are likely to follow suit. Hero MotoCorp last raised prices by upto ₹1000 ex-showroom in September.
Regular price hikes are keeping pressure on the entry-level segment of two-wheelers particularly high, as customers stay away due to rising unaffordability of the vehicles.