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Hero Motocorp, India's largest two-wheeler company, plans a nationwide price hike for its scooters and motorbikes next Tuesday.
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The company holds a substantial market share, attracting many middle-class buyers with its affordable options.
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Hero announces a 1% price increase on selected motorcycle and scooter models, effective October 3.
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Hero's highly anticipated Karizma XMR, with a 210 cc engine, will see a Rs 7,000 price bump.
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The price hike extends to other motorcycles, though the specific models affected remain undisclosed.
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Industry experts believe festive season demand might be behind the recent price tweak. The festive rush influences market strategies!
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Hero offers motorcycles in various engine sizes, but 100-125 cc bikes dominate sales due to affordability and fuel efficiency.
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Hero serves as a trusted commuter bike for daily travel, with a growing presence in adventure and premium segments.
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The expanded lineup has raised manufacturing costs, leading to the decision to raise prices.
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Future buyers should anticipate a 1% increase in Hero motorcycle and scooter prices.
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Hero's reputation for quality and affordability continues to attract customers nationwide.
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Stay updated on Hero Motocorp's price adjustments as they take effect next week.