Archive · 27 Jul 2025
Legacy 2W Makers Increase R&D in EV Market
Traditional motorcycle companies are spending more money on research and development to compete in the electric vehicle market.
TVS, Hero, and Bajaj are increasing their investments in new designs and technologies.
TVS is working on both regular and electric vehicles.
Hero saw big growth in electric scooter sales.
Bajaj is focusing on its existing models and electric scooters.
The amount of money spent on R&D varies among these companies, with TVS and Hero spending more relative to their revenue.
Legacy two-wheeler makers are increasing R&D spending to compete in the EV market.
TVS Motor invested ₹1,025 crore in R&D in FY25, focusing on ICE, EVs, and advanced technologies.
Hero MotoCorp spent ₹1,039 crore on R&D in FY25, with a focus on premium products and EVs, increasing VIDA electric scooter sales by 200%.
Bajaj Auto invested ₹625.66 crore in R&D in FY25, concentrating on the Pulsar and Chetak lines.
R&D spending as a percentage of revenue varied: 2.8% for TVS Motor, 2.5% for Hero MotoCorp, and 1.3% for Bajaj Auto.
- Who
- TVS Motor, Hero MotoCorp, Bajaj Auto
- What
- Legacy two-wheeler manufacturers are increasing R&D spending.
- When
- FY25
- Where
- India
- Why
- To compete in the EV market and develop new products.
- TVS Motor R&D Spend FY25
- ₹1,025 crore
- Hero MotoCorp R&D Spend FY25
- ₹1,039 crore
- Bajaj Auto R&D Spend FY25
- ₹625.66 crore
- Hero MotoCorp VIDA E-Scooter Sales Growth
- 200%
- Bajaj Auto Market Share FY25
- 20%
Sources
TVS Motor’s R&D spends surpass the ₹1,000 crore mark in FY25
TVS Motor’s R&D spends surpass the ₹1,000 crore mark in FY25
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