hero e bike
Hero MotoCorp is in the advanced stages of developing a medium-sized performance segment electric motorcycle with its American partner Zero Motorcycles. A top official of the company gave this information. California-based company Zero Motorcycles specializes in electric motorcycles and powertrains. In September 2022, the board of directors of Hero MotoCorp had approved equity investment of up to US $ 60 million in the company. In the year 2023, the companies had announced collaboration for the development of premium electric bikes.
Developing with Zero Motorcycles
“As far as the EV motorcycle is concerned, we are developing it in partnership with Zero Motorcycles,” Hero MotoCorp Chief Executive Officer (CEO) Niranjan Gupta said in an analyst call. This (bike) will come in the middle weight segment0.” He said, ”It is in the advanced stage. We haven’t announced the timeline for it yet, but we are looking at something that won’t be too far off.” Gupta said that this bike will fall in the performance segment. The company is also expanding its electric scooter range across multiple value segments in the current calendar year.
vida electric scooter
“As far as electric scooters are concerned, within six months we will cover most of the value segments and customer segments,” he said. Hero MotoCorp’s existing Vida electric scooter range is currently priced between Rs 1-1.5 lakh. This includes government subsidies as well. The company sells the Vida range in more than 230 cities and towns across the country. These have over 400 sales touchpoints. Hero MotoCorp expects its electric products to come under production-linked incentive (PLI) scheme compliance by financial year 2025-26. On the overall business outlook, Gupta said, “I think the economy is a more positive area than before and we are very optimistic about the outlook for the economy in general and the auto sector in particular. So overall, I would say that the festive cheer will continue even after the festive season.”
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