Hero electric 2-wheeler launch in Jan-March FY22 quarter is expected to pave the way for faster adoption of electric mobility in this space…
Among the major 2-wheeler manufacturers in India, Bajaj and TVS have already ventured in the electric mobility space with Chetak and iQube respectively. Others, like Royal Enfield, Honda, etc have already confirmed that they are working on this tech. But what about the biggest manufacturer – Hero?
Hero MotoCorp has revealed that it will launch its first electric 2-wheeler in the January-March quarter of 2022. The company recently announced partnership with Taiwan’s Gogoro which is a master of battery swapping network (more details). Apart from designing electric 2-wheelers for other makers, Gogoro also has EVs that are sold under its moniker in Taiwan (and probably some other international markets).
It has not been cleared whether Hero will rebadge Gogoro’s two-wheelers for the Indian market or whether it will launch its own set of products in this space. There has been no spy pic to talk about it either. It is not even known if it will be a scooter or a motorcycle.
Hero Doubles its Sales in 151-200cc Segment in FY21
But, unlike Bajaj and to an extent, TVS (both of which are waiting for the market to evolve before going all out in this segment), Hero appears to be working on the complete ecosystem – the product, planning along with taking care of the battery hassles.
Bajaj Outsells Hero to Become Biggest Motorcycle Seller in April 2021
This is a big news for the industry as Hero is expected to expand the segment and may be, give a much needed push to it. It will also be interesting to see how will Hero MotoCorp brand its electric 2-wheelers considering that it also has a family firm Hero Electric to stay clear with.
Source – Money Control
