Motorcycle majors, TVS and Bajaj have hiked prices of its bikes owing to increasing costs of rubber and steel. The price hike is in the range of 1.5 to 2% and will be go into effect immediately. Such hikes will result in bikes getting dearer by around Rs. 500-1000/- might not seem much, but a few of these and you will notice that your favorite bike is no longer as value for money as before.