Archive · 2 Jul 2025
Hero MotoCorp Aims for Top EV Spot in India
Hero MotoCorp wants to be one of the top three companies selling electric scooters in India within two years.
They're aiming for a bigger slice of the electric scooter market by selling more scooters and opening more stores.
They are launching new Vida VX2 models.
They are offering a way to buy their scooters without buying the battery, to make it cheaper to get started.
The competition includes companies like Ola, TVS, and Bajaj, who currently dominate the market.
Hero MotoCorp aims to be a top-three EV seller in India by FY27.
The company targets a 12-15% EV market share by the end of FY26.
Hero is expanding its retail reach with over 6,000 sales and service outlets.
Hero launched the Vida VX2 in two variants, starting at Rs 99,490.
The company offers battery-as-a-service, lowering the entry price.
- Who
- Hero MotoCorp
- What
- Hero MotoCorp's strategy to become a leading electric two-wheeler manufacturer in India.
- When
- Within two years (by FY27)
- Where
- India
- Why
- To increase market share and become a top player in the growing EV market.
- Company Aim
- Top 3 EV Seller by FY27
- Target Market Share (FY26)
- 12-15%
- Current Ranking
- 5th
- Retail Outlets
- 6,000+
- New Model
- Vida VX2
- Starting Price (VX2)
- Rs 99,490
Sources
Hero Vida VX2 EV Scooter Launched in India - Price, Range, and More
Vida VX2 electric scooter launched at ₹59,490 with battery subscription model: Range, features and more
Hero MotoCorp taps MG Motor's BaaS strategy to boost EV share; Choice sees 20% upside potential
Hero Vida VX2 Plus Vs TVS iQube 3.1: Specs, features, price compared
