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Thread: Bajaj to increase prices of Discover and Platina : xBhp News

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    Default Bajaj to increase prices of Discover and Platina : xBhp News

    Bajaj is planning to hike prices of its brands Platina and Discover in January 2015.

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    The Firm has taken a price increase of Rs1000 on its Pulsar range post the festive season this year, but had left its economy range untouched.

    Eric Vaz, president (motorcycle business unit), Bajaj Auto said -

    “We will take a price increase in January on the Discover and Platina range. We will disclose the exact quantum of the hike next month but it will be in line with the industry standard. This increase is brought about due to the hike in minimum wages in Maharashtra to Rs 3,500 and rise in power costs”.
    The Company officials have admitted that the sales of Bajaj have slumped down in recent times, the latest figure being a 6 per cent drop in sales in the month of November 2014.

    Eric also added -

    “December is not going to be different from November in terms of sales. We expect December sales to witness a decline as compared to same period of last year.”
    The company does not expect any significant impact on its sales due to the hike.

    “Prices of scooters were also increased but that did not have any impact on their demand.”
    Bajaj is not the only manufacturer to take this step, other manufacturers like Hero MotoCorp have already increased their prices and Honda Motorcycles and Scooter (HMSI) increased prices of motorcycles such as Shine, Unicorn, Trigger and the Dream series with effect from September 22.

    News Source: Bajaj to increase bike prices in Jan due to swelled cost | Business Standard News

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    Default Re: Bajaj to increase prices of Discover and Platina : xBhp News

    News Approved
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    Default Re: Bajaj to increase prices of Discover and Platina : xBhp News

    This hike was imminent.

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    Default Re: Bajaj to increase prices of Discover and Platina : xBhp News

    so that means other manufacturers will also hike prices?

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    Default Re: Bajaj to increase prices of Discover and Platina : xBhp News

    Honda and Yamaha are also increasing the prices from January 1st.

    Came to know from Hyderabad showroom.

    Sent from my HM 1SW using xBhp Connect mobile app

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