First it was the fuel price, then inflation and now it is the price you and me have to pay for a motorcycle that has gone up.
With laws of economics in full swing and cost of living and manufacturing getting higher, it was but expected that a price rise was right around the corner.
While Hero Honda has decided to hike the price of its 100cc motorcycles (bread and butter for Hero Honda) by Rs. 850, Bajaj Auto has raised the price of its motorcycle by Rs. 500 to Rs. 1,500; TVS Motors on the other hand has decided to raise the price of its select models by Rs. 1,800 owing to the rising input costs.
With the festive season round the corner and price rise coming from almost all major manufacturers, Two Wheeler Companies are bullish about the growth which come amidst reports of falling car sales.