Hero MotoCorp bets on 12+ launches, ₹1,500 cr capex to widen lead over Honda
India's largest two-wheeler maker is targeting double-digit FY27 growth via 12+ new products, doubling scooter capacity with ₹1,500 cr capex, and pushing Vida e-scooters to 50%+ of its scooter mix by 2030. Vida already commands 27-28% EV scooter share.
What happened
Hero MotoCorp targets double-digit FY27 growth with 12+ new launches, Rs 1,500 crore capex to double scooter capacity, and aims for 50%+ electric share of
Key facts
- 12+ new products FY27
- 50%+ EV scooter share by 2030
- 54,93,178 motorcycles FY26
- 5,72,870 scooters FY26
- Rs 1,500 crore capex FY27
- 27-28% Vida share
- 40-50 launches/year
Why this matters
Hero's aggressive Vida ramp toward 50%+ EV scooter mix by 2030 raises the bar for EV-native partnerships, battery sourcing tie-ups, and potential consolidation among sub-scale electric two-wheeler players.