New Delhi: Hero Honda Motors has decided not to increase the prices of two-wheelers till the end of this year.
“We will not increase the prices of our vehicles till the end of this year,” Hero Honda Motors Chairman Brijmohan Lall Munjal told reporters on the sidelines of an auto industry event here today.
Asked if the rising cost of raw materials will put pressure on the profit-margin of the company, he said, “I don’t think so. We will have to tighten our belts.”
The company has raised the prices of its two-wheelers twice in the last three months.