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Thursday, March 10, 2022

Hero MotoCorp's First E-Scooter Launch Postponed, Now Launching In July, Will Compete With OLA, TVS And Bajaj





Postpon:  






Hero MotoCorp, India's largest two-wheeler company, has postponed the launch of its first electric scooter. The company had earlier planned to launch the e-scooter in March. But now its launch has been extended to July. The company has been working on this e-scooter for a long time. The company's CFO Niranjan Gupta said that its first electric two-wheeler will be released in March 2022.


The Hero's electric vehicle will be rolled out from the Chittoor manufacturing facility in Andhra Pradesh. The company shared a teaser of this electric scooter just last year. Its name may be VIDA. In the Indian market, this scooter will compete with TVS iCube, Bajaj Czech Electric, Ola S1.

The company shared a teaser of Hero's electric scooter last year


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Charging stations set up with BPCL
Hero MotoCorp and Bharat Petroleum Corporation Limited (BPCL) have teamed up to build charging infrastructure for electric two-wheelers across the country. According to Hero's collaboration with Bharat Petroleum, the two companies will set up charging stations in nine cities starting from Delhi and Bengaluru in the first phase. After this it will be expanded to other cities of the country.

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The development of basic infrastructure in the first two cities will start soon and each charging station will have several charging points including DC and AC charger. The company says it will be available for all two-wheelers.


Read in Gujarati news 

Hero will also bring premium products
According to the CFO, apart from electric products, Hero MotoCorp is also working on launching more and more products in the premium portfolio. Which will boost the market share of two-wheeler manufacturers in the segment. Regarding the company's strategy, Gupta said Hero MotoCorp would continue its investment in Aether Energy and Gogoro, two companies where it has made good investments in the past.