Corporate Actions
Hero MotoCorp to hike prices from Oct 3

30-Sep-23   13:06 Hrs IST

The price increase will be around 1% and the exact quantum of increase will vary by specific models and markets, said the company.

The price revision is part of the company's regular review of product competitiveness and positioning, factoring inflation, margins and market share, it added.

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters. The company reported a net profit of Rs 825 crore in Q1 FY24, which is higher by 32% as compared with a PAT of Rs 625 crore in Q1 FY23. Revenue from operations for the quarter stood at Rs 8,767 crore, recording a growth of 4% on YoY basis.

Shares of Hero MotoCorp gained 2.85% to Rs 3,056.95 on Friday, 29 September 2023.

The stock market will remain closed on Monday, 2 October 2023 on account of Mahatma Gandhi Jayanti.

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