Hero MotoCorp, US partner plans to develop mid-sized electric bike

25 Nov 2024 , 09:17 AM

According to a senior business executive, Hero MotoCorp and its US-based partner Zero Motorcycles are nearing completion on a mid-sized performance-class electric motorcycle. Zero Motorcycles, situated in California, focuses on electric motorcycles and powertrains.

In September 2022, Hero MotoCorp’s board of directors approved a USD 60 Million equity investment in the company.

In 2023, both the companies announced a collaboration to develop premium electric bicycles. As for electric motorcycles. We are creating in collaboration with Zero Motorcycles…it (bike) will be available in the middle-weight market,” Hero MotoCorp CEO Niranjan Gupta revealed.

Gupta indicated that the bike will be in the performance segment.

This year, the business is also expanding its electric scooter lineup to include a variety of price points. 

Hero MotoCorp’s current VIDA electric scooter series is priced between ₹1 Lakh and ₹1.5 Lakh, including state incentives. The company has sales of the VIDA line in approximately 230 cities and towns across the country, expanding across a network of 400 sales touchpoints.

Hero MotoCorp also hopes that its electric goods will be compliant with the PLI system by FY26.

On the overall business environment, Gupta stated, The economy, I believe, is on a more positive trajectory than it was previously, and we are very optimistic about the outlook for the economy in general and the auto sector in particular. Overall, I believe the celebratory spirit will last long after the holiday season is done.

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