Hero MotoCorp and Bajaj announce price hike before festive season
Hyundai, M&M, Nissan, Maruti Suzuki, Tata Motors and General Motors are raising vehicle prices in India to counter higher costs. Following these announcements, two wheeler companies in the country are also following suit. Mahindra 2 Wheelers has already increased price of Centuro by INR 1,000 whereas Bajaj and Hero too have announced price hike.
Demand for two wheelers is low due to higher fuel prices coupled with little consumer sentiments. The industry expects to see better results with the approaching festive season and the increase in prices is expected to have marginal impact on festive sales.