Hero MotoCorp plots 2-3 premium launches, ₹1,500 cr capex in FY27 to widen lead over Honda
Hero is doubling down on premium, scooters and EVs to defend its #1 position. FY27 plan includes 2-3 new premium models, ₹1,500 crore capex to double ICE scooter and EV capacity, 144,000 EV units in FY26 (~3x YoY), and exports growing 40% annually across 52 countries.
What happened
Hero MotoCorp plans 2-3 new premium models in FY27, doubling ICE scooter and EV capacity with ₹1,500 crore capex, to widen its lead over Honda and grow scooter,
Key facts
- 2-3 premium models FY27
- ₹1,500 crore capex FY27
- 144,000 EV units FY26
- ~3x YoY EV sales
- 6% export share
- 40% annual export growth
- 52 countries
Why this matters
Hero's premium and EV push tightens the competitive vise on Honda and Bajaj-TVS, raising the bar for partnership, platform-sharing, or targeted M&A in premium ICE and electric two-wheeler segments.