Bike Price News: If you are thinking of buying a bike of Hero company on Diwali, then you may be shocked. The company increased the price of the bike again on Thursday. This is the third hike in prices this year.
Hero Electric Scooter: Only 3 days are left for the country’s biggest festival season to begin. People are eagerly waiting for big festivals like Dussehra-Diwali and are also busy in planning for shopping. If you are thinking of getting a Hero Motocorp bike this season, then you will have to loose your pocket more. The company has again increased the prices of its bikes from Thursday. This is the third time in a row this year, when the company has increased the prices of the product.
Price hike up to Rs.6 thousand
‘Price rises due to cost escalation’
The company says that it has taken the decision to increase the price due to the increase in cost. Auto experts say that supply chain problems and spurt in commodity prices continue to be a cause of concern for the auto sector. Due to this, the profits of auto companies are falling, to avoid which they are continuously doing price hikes. This situation is not only coming in front of Hero MotoCorp but all the auto companies are battling it.
The first electric scooter will be launched on October 7
If we talk about the new launching scheme of Hero Motocorp, then it is going to launch the first electric scooter under its Vida brand on 7 October next month. However, the company has not given information about the design, features and price of this scooter. But it is believed that the price of the scooter can be up to Rs 1 lakh. After coming in the market, this electric scooter will compete with Bajaj Chetak, Ola S1 and TVS iQube.