2021 Hero Destini 125 Platinum Price
Rising input costs is the reason cited for rolling out the price hike

Once Hero rolls out its price hike, almost every other 2-wheeler brand would likely do the same

Leading 2-wheeler manufacturer Hero MotoCorp will hike the asking price of its products on 1st July 2021 citing increasing input costs.

Hero released a statement saying the price hike has been “necessitated to partially offset the impact of continuous increase in commodity prices.”

The price hike, Hero says, will be up to Rs. 3000/- across its range of motorcycles and scooters and the exact quantum of the increase will depend upon the model and the specific market.

Hero Price Hike
The ex-showroom price will increase up to Rs. 3000/- based on the model

Hero also added that it continues to drive its cost savings programme aggressively in order to minimise the impact on the customer.

Only a couple of days ago, it came to light that India’s top carmaker, Maruti Suzuki, has planned for a third price hike this year and that the revision will be implemented in the second quarter of the 2021-22 fiscal year.

With market leaders of both 2- and 4-wheeler segments gearing up to roll-out a price hike, the stage has been set for the industry to witness a third wave of price increase in the July to September period this year.