Bajaj Auto likely to raise motorcycle prices soon

Source : REUTERS
Last Updated: Fri, Sep 27, 2013 07:03 hrs
Newly built motorbikes are seen at the Bajaj Auto Ltd plant in Pune

Motorcycle manufacturer Bajaj Auto Ltd is likely to raise prices of its vehicles in the near term to offset the impact of high input costs and a weak rupee, its Managing Director Rajiv Bajaj said on Friday.

"It seems likely that we have to raise prices because commodity prices have gone up significantly, partly owing also to the way forex has moved," Bajaj told reporters on the sidelines of a business conference.

He did not give the quantum of the planned price rise.

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