India's Hero Honda raises prices on some bikes

MUMBAI, Aug 11 (Reuters) - Hero Honda Motors Ltd (HROH.BO), India's top motorbike maker, has raised prices of some models to partially offset rising costs of raw materials, the company said.

Prices of its entry-level 100 cc motorbikes have been raised by up to 850 rupees ($20), it said in a statement that did not give details of price increases on other models.

Japan's Honda Motor Co (7267.T) and India's Hero Group hold 26 percent each in Hero Honda.

Vehicle makers in India have recently raised prices by up to 3 percent to offset higher costs of materials such as steel, even as rising interest rates and high fuel prices have slowed sales in Asia's third-biggest economy. ($1=42.1 rupees) (Reporting by Rina Chandran; Editing by Ranjit Gangadharan)