Wednesday, June 9, 2010

Hero Honda to Increase Prices of its Motorcycles…

Countries largest two wheeler manufacturer, Hero Honda, has taken the unprecedented step of raising price of its products. Many Hero Honda products will be dearer by 500 to 1000 rupees. As the company puts it, this price hike comes in wake of the rising commodity prices. Since August 2008 Hero Honda has been bearing the brunt keeping the prices unchanged but with the rising global steel prices, tires and other important commodities the company has been forced to hike prices of its products.

Good news is that the omnipresent Splendor has been spared of any price hike along with company’s flagship motorcycle Karizma. 125cc Super Splendor and Glamour and 150cc Hunk and CBZ Extreme will be dearer to customers by about 1000 rupees. Will this step affect the company adversely? Sales figures of the forthcoming months will only reveal the impact!

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