Hero MotoCorp announces price hike due to falling rupee

Two-wheeler major Hero MotoCorp will hike the ex-showroom prices of its motorcycles and scooters from October 3.

"The revision has been necessitated by the increasing commodity costs and currency depreciation," the company said in a statement.

"The price hike will translate to an increase of up to Rs 900, although the exact quantum of the increase will vary."