Hero MotoCorp has started a big offer for customers. Under this offer, if a person buys a new scooter, he can sell it to the company within five years. This “Buyback” offer by selling Hero’s product has started from Delhi and Bengaluru.
Under the scheme , the customers who return their old scooters will be refunded 60 to 65 per cent of theit money. At the same time, if the customer buys a new Hero scooter, then he will get a certificate of guaranteed buyback from the online marketplace.
This certificate will have a fixed buyback price for the next 5 years, every six months. This amount will depend on whether the scooter is sold in the first year or in the second, third, fourth or fifth year.
The company says that the purpose of this scheme is to speed up the sale of scooters in the country. Hero took entry in the scooter market in 2005 and introduced several models to bring customers from other companies but did not get good success. In the scooter market, Honda has more than 50 percent stake, while Hero is at third place.