Archive · 7 Aug 2026
Hero MotoCorp eyes 45,000-unit monthly EV capacity by FY27-end
Hero MotoCorp is a big company in India that makes motorcycles and scooters.
It also makes electric vehicles, which run on batteries instead of petrol.
Right now, the company can make about 30,000 electric vehicles every month.
By the end of this financial year, it wants to make 45,000 every month.
That is three times more than what it could make in the last financial year, when it made only 15,000 a month.
The company is making more because people are buying them very quickly.
Its shops have almost no extra vehicles waiting to be sold.
Sales of its electric vehicles went up by 151% compared to the same time last year.
The company is also launching new electric scooters and planning electric motorcycles.
It believes the whole two-wheeler market in India will grow a lot this year.
Hero MotoCorp plans to raise its EV production capacity to around 45,000 units per month by the end of FY27, tripling from 15,000 units in FY26.
Production capacity has already reached nearly 30,000 units per month in the first week of August.
The expansion is driven by robust retail demand, with dealerships carrying nearly nil channel inventory of 2-3 days depending on region.
Hero MotoCorp's EV volumes rose 151% year-on-year in the June quarter, with EV revenue around Rs 660 crore.
The company expanded its Vida scooter portfolio with VX2 Plus and VX2 Go variants and plans electric motorcycles built on the UBEX platform and a Zero Motorcycles collaboration next year.
- Who
- Hero MotoCorp, led by CEO Harshavardhan Chitale
- What
- Plans to triple electric vehicle production capacity to about 45,000 units per month by the end of FY27
- When
- Announced on Friday in the first week of August, for completion by end of FY27
- Where
- India's domestic two-wheeler market
- Why
- Robust retail demand and near-zero channel inventory, with little produced being retailed almost immediately
- Company
- Hero MotoCorp
- Current EV capacity
- Nearly 30,000 units per month (first week of August)
- Target EV capacity
- About 45,000 units per month by end of FY27
- FY26 EV capacity
- 15,000 units per month
- EV volume growth
- 151% year-on-year in June quarter
- EV revenue
- Around Rs 660 crore
- Industry outlook
- Close to double-digit growth in FY27