By Kosaku Narioka
Hero MotoCorp Ltd. plans to raise prices of its vehicles by up to 1,500 Indian rupees ($20.38) starting from Jan. 1 to help offset rising material costs, the Indian motorcycle maker said late Wednesday.
The company said there had been a steady rise in costs of materials such as steel, aluminum, plastics and precious metals, and that the price increases would vary across models.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
12-16-20 2103ET