Hero MotoCorp to expand EV business with new affordable models lined up

Quick Summary:

Hero MotoCorp is looking to scale up its presence in the electric two-wheeler space as it gears up to introduce affordable models over the next few months, according to a top company executive.

We will be launching products (under VIDA range) in the more affordable segments as well," Hero MotoCorp CEO Niranjan Gupta told PTI in an interaction here on the sidelines of EICMA.

Hero MotoCorp's VIDA electric scooter range is currently priced between Rs 1-1.5 lakh, including state subsidies, in India.

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Category: BusinessFinance

Markets: IndiaBrazilColombiaFranceItalySpain

Topics: Lines up new models Hero MotoCorp looks to scale up EV biz

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 18:43:24 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 801 words

Reading Time: 5 minutes read

Sentences: 31 lines

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Copyright Owner: © Business Standard

News ID: 23447783

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