New Delhi. Hero Lectro, the electric bike brand from Hero Cycles, has announced a price increase. The company has increased the prices of its products by up to 5,000 rupees to offset the impact of increased costs for transport and input material. The price hike ranges from 7.5% to 12.8% across the entire product portfolio, the company said in a statement.
The company offers a full range of electric bikes under the Hero Lectro brand. The company’s C series, which includes 10 variants, have increased their prices. Now the starting price for Series C cycles will be Rs 28,999. While the advanced F6i model will cost Rs 54,999 after the hike.
Hero Lectro CEO Aditya Munjal said: “However, due to the increase in the cost of freight and input material, it has become necessary to increase prices. In view of this, Hero Lectro prices have to increase. . Sell your products through multiple points of sale. “