Hero MotoCorp to Soon Launch New Electric Scooters

Hero MotoCorp, one of the big two-wheeler companies, is preparing to launch new electric scooters under its Vida sub-brand. The company has two electric scooters. Sales of electric two-wheelers have increased rapidly in the last few years. However, Hero MotoCorp has delayed entering this segment.

The company’s Chief Business Officer (Emerging Mobility), Swadesh Srivastava said that new electric two-wheelers will be launched in the first half of the current financial year. He said, “We are planning to achieve more growth this year. Along with this, the cost structure will also be improved.” Hero MotoCorp has expanded the Vida brand to over 120 cities. It has also tied up with Ather Energy for an interoperable EV charging network. This will make over 2,000 charging points available in around 200 cities for Hero MotoCorp customers.

Hero MotoCorp launched the Vida V1 in two variants. The company plans to launch electric two-wheelers in different price segments. Under this, new electric two-wheelers will be launched in different segments. company The V1 Pro has a battery of 3.94 kWh and a range of 165 kilometers, while the V1 Plus has a battery of 3.44 kWh and a range of about 143 kilometers. This electric scooter competes with Ola Electric’s S1 Pro and Ather Energy’s 450X.

In the fourth quarter of last year, the company’s profit has increased by 18 percent on a year-on-year basis. The company has achieved a profit of Rs 1,016 crore. It was around Rs 859 crore in the same period last year. The company’s revenue from operations increased by 15 percent to Rs 9,519 crore. In the last financial year, the company launched Xtreme 125R, Xtreme 200S, Xtreme 160R 4V, Harley-Davidson X440, Karizma XMR and Mavrick 440. The company expects revenue growth to be in double digits in the current financial year. Hero MotoCorp is increasing the manufacturing of its premium motorcycles. In the current financial year, the company has planned to start business in Europe and Britain. The share of electric scooters and electric motorcycles in the total sales of two-wheelers in the country is a little more than two percent.

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