Bajaj Auto is all set to raise the price of its motorcycles from January 2011, due to increasing cost of raw material.
Price hike would likely be Rs. 1000 across the range for all Bajaj Motorcycles and would be applicable from the 1st of January 2011.
Speaking to the media, Mr. S Sridhar, President Bajaj Auto (two-wheelers), said, “The continued rising cost of raw material inputs is the main cause for this increase. Despite the hike our models continue to offer superior value compared to competition, and hence we do not expect this price rise to affect our sales.’’
Hero Honda too is planning to raise the price of its two wheelers in India and other two wheeler manufacturers are expected to announce similar price hikes in the near future. After the fuel hike now comes a hike in bike price