Hero MotoCorp is planning to expand its presence in the electric two-wheeler segment as it aims to introduce new models below its current range to cater to a broader set of customers. The country's largest two-wheeler maker currently sells two electric scooters under its Vida range, priced between Rs 1 lakh and Rs 1.5 lakh.
With new product introductions this fiscal, the company is going to be able to play in each of the three segments of premium, mid and mass. Hero MotoCorp has expanded the presence of the VIDA brand to more than 120 cities and over 180 touch-points in the country.
It has also entered into a partnership with Ather Energy for an interoperable charging network, providing over 2,000 charging points across 200 cities to its customers. To strengthen its global presence, VIDA is also expected to make its debut in European and UK markets in FY25.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
Company Name | CMP |
---|---|
Bajaj Auto | 8729.80 |
Hero MotoCorp | 4296.60 |
TVS Motor | 2398.35 |
Eicher Motors | 4715.10 |
Atul Auto | 568.55 |
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