Hero electric scooter (likely) will rival Bajaj Chetak and TVS iQube apart from new entrants like Ather, Ola and others…
Hero MotoCorp has announced its monthly results and has yet again talked about its electric vehicle project.
The company has set a deadline of March 2022 for its electric vehicle project which means we will finally see the first electric vehicle from the company within the coming two months. It has already revealed that the first product will be manufactured at the company’s Chittoor plant in Andhra Pradesh,
Hero says that it’s Electric Vehicle (EV) project is in advanced stages, but we are yet to see a test mule on our roads. However, Pawan Munjal did tease us with a scooter that could be the first product from the company for our market. And that is the only basis that suggests that the first product from the company would a scooter (and not a motorcycle).
It has been leaked that Hero MotoCorp has patented the term Vida for its electric project which means its EVs may come under this branding for the domestic as well as the international markets.
The company informs that it has chosen the Andhra plant as it is called the Garden Factory and follows many eco-friendly and sustainable manufacturing practices.
This plant will offer Battery Pack Manufacturing and Testing and Vehicle End of Line Testing.
CFO Niranjan Gupta is of the opinion that the demand will grow in the months to come with the improvement in economy and overall buying sentiments.
With its electric vehicle line-up the maker intends to be prepared for the demand.
Hero has also forged a strategic alliance with Taiwan’s Gogoro which is a pioneer in battery swapping. However, we believe products from this venture will be different from what the largest maker is making under its own R&D.
After the launch, Hero will become the third legacy manufacturer to venture in this realm which already sees participation from Bajaj and TVS.