Inorder to tackle the rising input costs, Hero MotoCorp has raised the prices of its products by Rs.500 to Rs.1000. Regarding this, Mr.Anil Dua, Hero MotoCorp’s Senior vice-president, Marketing and sales stated that the company does not expect a major rise in material costs going forward.
The company also stated that its profit for the fiscal fourth quarter to end-March rose 20 percent from a year previous, lagging market expectations. Hero MotoCorp reported a 20.3 percent rise in net profit at Rs.603.5 crores for the quarter ended March 31, 2012. It was Rs.501.6 crores in the same period a year ago.