Due to the increase in input costs, Hero Honda, country’s largest two-wheeler maker has increased prices of its product across its various models up to Rs 1,500.

Anil Dua, Hero Honda Motors Senior Vice President (sales and marketing), informed, “A couple of weeks back; we have increased the price across various models in order to partially pass on the increase in input cost to the customers.”

Karizma, the company’s most sort -after bike will now be costlier by Rs 15,00. While other bikes like Splendor plus, Passion plus, Hunk and CBZ will also get expensive by Rs 600 and Rs 850. Dua also reported that the company has kept the price hike at entry level bike CD Deluxe to Rs 100.

He added, “Price hike will not have major impact on the sales as the whole industry has increased the prices recently.”

Dua clarified when he was asked about the high interest rates and tight options available that industry is expected to witness single digit growth this fiscal year.

Earlier the company had also announced to launch exciting 12 new models in the market in the next 18 months. Dua said, “We have already launched one model so far and we are on track to launch rest of the models in the next 13 months.”