Hero MotoCorp (HMCL), the leading two-wheeler manufacturer in India, is planning to make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1, 2021. The price hike has been necessitated to partially offset the impact of continuous increase in commodity prices.

The company continues to drive cost savings program aggressively, in order to minimize the impact on the customer. The price hike across the range of motorcycles and scooters will be up to Rs 3,000 and the exact quantum of the increase will depend on the basis of the model and the specific market.

Shares of the company gained Rs 22.05, or 0.76%, to settle  at  Rs 2,928.60  The total volume of shares traded  was  68,680 at  the BSE (Wednesday).