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Company announces further price hikes starting January 4, 2022

News: Hero MotoCorp will do an upward revision of the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022. The price revision will be up to Rs.2,000/unit with exact quantum of increase depending upon the model and the market.

Views: With under-recovery of input costs till last quarter and peak of the commodity prices behind us, the recent price hike will help in recovery of gross margins at the company. Price hike transmission in the price sensitive entry level segment of motorcycle, however, will be the key monitorable, going forward.

Impact: Neutral