However, the Indian automaker has said that the said measures are aimed at initiating a cost-saving program that will at least partially offset the costs associated with production.
The giant in the world of motorcycle conglomerates, Hero MotoCorp, has announced an increase in the prices of its unicycles – explaining its decision by the rising cost of the Indian manufacturer’s own contribution.
As conveyed by the management of the conglomerate, the prices of the unicycles will increase by a maximum of 1,500 Indian rupees. The increases will come into effect on January 1, 2021
However, the Indian automaker said that these measures are aimed at initiating a cost-saving program that will at least partially offset the costs associated with production – including raw materials.
Apart from Hero MotoCorp, divisions of global brands within India such as Maruti Suzuki India and Ford India have also announced increases in motorcycle prices.