- Around two per cent price hike on cards
- Courtesy of OBD2 system inclusion
Hero MotoCorp has announced that it will increase the prices of select models in its portfolio from 1 April 2023 in India. However, the company hasn’t yet specified the models which will receive the increment.
As most of you would know, OBD-2 (onboard diagnostic device) will be mandatory from 1 April 2023 in all vehicles which is the reason for the aforementioned price hike. Similar to Hero, several other manufacturers will or already have increased the prices of their products but an official statement is yet to be received from them. OBD-2 is meant to monitor the emission levels of a vehicle in real time and alert the owner if the levels rise beyond the permissible limits.
Hero MotoCorp has clarified that the prices of select models will be bumped by around two per cent and the exact quantum of the hike will vary as per the model and region. However, it also ensured that innovative and lucrative vehicle financing solutions will continue to be offered. As of now, Hero’s product portfolio comprises motorcycles ranging from 100cc, like the Splendor Plus, to 200cc such as the Xpulse 200 4V. It also retails 110cc and 125cc scooters in India.
