Hero MotoCorp’s plan
Hero MotoCorp recently announced a hike in the ex-showroom prices of its range of motorcycles and scooters. The new prices of its vehicles are going to be effective from July 1, 2022. The price hike may vary depending on the model and the market. It has been told that this increase will be in the range of Rs 3,000. If you buy any of its bikes today, then you can avoid the increase from tomorrow.
why are bikes expensive
The reasons given by Hero MotoCorp for the increase in prices include the ever-increasing overall cost inflation including rise in commodity prices and it is going to make its vehicles costlier to partially offset these (with little impact on the customers). Is. Let us tell you that the business level of Hero is very big, due to which it has a lot of dominance in the market.
Price hike for the third time
This is the third time in this year that Hero is going to make its vehicles expensive. It had hiked prices for the first time in January itself. After this, the company made its two-wheelers expensive in April as well. Both the times this year the price hike was limited to Rs.2000. This time it is going to increase the prices of its vehicles by up to Rs 3000.
Tata Motors plans
The country’s largest commercial vehicle maker Tata Motors has announced an increase in the prices of its commercial vehicles with effect from July 1, 2022. The company will increase the prices of commercial vehicles by 1.5-2.5 percent. The domestic automaker said in a statement that the company takes several measures to meet a significant portion of the increased input cost at various levels of production, but the sharp increase in the overall input cost mandates a minimum price hike.
tata motors sale
Tata Motors’ commercial vehicle segment, which includes Light Commercial Vehicles (LCVs), Medium Commercial Vehicles (MCVs), Heavy Commercial Vehicles (HCVs) and Construction Equipment Vehicles, managed to sell 27,553 units in May 2022 as against 7,373 units in May 2021. are. The company retained the top position in terms of commercial vehicle retail sales in May 2022, despite its market share declining from 41.88 per cent in May 2021 to 41.35 per cent last month. Tata Motors’ commercial vehicle range includes buses and trucks such as Prima, Intercity Coach, Tarmac Coach, Venture, Ace and School Bus.