Hero MotoCorp Targets Double-Digit FY27 Growth With 12+ Launches, ₹1,500 Cr Capex
CEO Harshavardhan Chitale outlines a double-digit FY27 growth plan anchored by 12+ new launches and ₹1,500 crore capex to double scooter capacity. Vida EV business, contributing 27-28% of scooter sales, eyes 50%+ electric share by 2030 with capacity expansion underway.
What happened
Hero MotoCorp CEO Harshavardhan Chitale targets double-digit FY27 growth with 12+ new launches, Rs 1,500 crore capex to double scooter capacity, and Vida EV
Key facts
- 12+ new launches FY27
- 50% EV scooter share by 2030
- Rs 1,500 crore capex FY27
- 54,93,178 motorcycles FY26
- 5,72,870 scooters FY26
- 27-28% Vida contribution
- 50% Vida capacity expansion
Why this matters
Hero's aggressive EV scaling toward 50%+ electric share by 2030 sharpens the case for partnerships, supplier tie-ups, or bolt-on acquisitions across batteries, powertrains, and charging.