What to expect: Hero MotoCorp's bike price increase

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What to expect: Hero MotoCorp's bike price increase (Image: heromotocorp.com)
What to expect: Hero MotoCorp's bike price increase (Image: heromotocorp.com)

Delhi : An official statement from Hero MotoCorp stated that, pollutant emission laws for all cars will change on April 1. More stringent BS-6 requirements are likely to be imposed. As a result, the company's costs have skyrocketed, and it is being compelled to pass part of the burden on to its consumers.

Vehicle ex-showroom costs will rise

The price rise will be determined by the model and market region of the bikes. At the same time, the ex-showroom price of bikes will be increased by up to 2%. Yet, the firm has guaranteed its consumers that it would continue to provide innovative financing alternatives while raising pricing.

Splendor is the best-selling bike

The Hero Splendor is the best-selling motorcycle in the country. The business sold 2,88,605 Hero Splendors in February 2023. In February 2022, however, 1,93,731 units were sold. As a result, the sale of Hero Splendor has increased by 48.97 percent year over year.

BS-6 regulations are evolving

The most major cause for the price hike, according to Hero MotoCorp, is a change in pollution requirements, which has raised its cost. Let us inform you that the on-board diagnostics (OBD2) rules for 2-wheelers will change on April 1, 2023.

OBD-II standards for vehicles and trucks were recently made obligatory. It is currently being adopted for two-wheelers. Motorcycle and scooter owners will receive precise information on the health of their vehicle as a result of this system upgrade. The fixing mechanic, on the other hand, will be aware of the true nature of the vehicle's problem.

In addition, beginning April 1, the government will make the upgraded versions of Real Driving Emission (RDE) and Corporate Average Fuel Economy (CAFE 2) obligatory. Notwithstanding the fact that these restrictions apply to four wheelers.