Hero MotoCorp to drive in mid, budget-range EVs in FY25: CEO Gupta

Hero MotoCorp will launch mid-segment and budget-segment electric scooters in FY25, Chief Executive Officer (CEO) Niranjan Gupta said on Wednesday. Until March 2024, the company will focus on expanding the distribution of its premium electric scooter Vida to approximately 100 cities he said.

Gupta, who took charge as Hero MotoCorp CEO on May 1, said the company plans to expand the commuter motorcycle segment, wherein it has a 65-70 per cent market share. The commuter segment comprises bikes that have up to 125 cc internal combustion engine (ICE).