Hero MotoCorp eyes double-digit FY27 growth with 12 launches, Rs 1,500 cr capex, EV scale-up
CEO Harshavardhan Chitale outlined a multi-pronged push: 12+ new products in FY27, doubling scooter capacity through Rs 1,500 crore capex, and tripling Vida EV capacity this year. Hero expects EVs to exceed 50% of scooter sales by 2030, with Vida contributing 27-28% of scooter mix as it defends leadership against Honda.
Hero MotoCorp CEO Chitale targets double-digit FY27 growth with 12+ launches, doubling scooter capacity via Rs 1,500 crore capex. Vida EV capacity tripling this year; expects EVs to exceed 50% of scooter sales by 2030.