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.
What happened
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
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 contribution
- 40-50 launches/year
Why this matters
Tripling Vida capacity and targeting 50% EV scooter mix by 2030 opens windows for battery, powertrain, and charging-infra partnerships or bolt-on acquisitions to lock in the EV supply chain.