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.
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 scooter sales by 2030, citing widening lead over Honda.