The price hike has been taken in response of rising input prices from past couple of months. The company has introduced this hike because there was no other way out for them from this.
Due to increase competition Bajaj Auto was not able to increase prices for a very long time though the Input cost has increased. They are now facing tough competition from all the companies, especially, Honda.
Earlier, country's largest two wheeler manufacturer Hero Motocorp. announced price hike of Rs. 500-1,000 among its key products. It is fact that input cost has gone high in past couple of months and it is forcing the companies to increase the cost of their products.
