Hero MotoCorp to launch its first electric vehicle on October 7. Take a look
will be launched under Vida’s brand
The stock exchanges have been informed by Hero MotoCorp that it will launch its first electric scooter under the brand ‘Vida. The new electric scooter will be competing with top-selling models such as Ola S1, Bajaj Chetak, and TVS iQube on the Indian market. According to media reports, the company has reached an agreement with Gogora in Taiwan for battery swapping technology.
This is the company’s plan
Global distributors, dealers, and investors have been invited to the event in Jaipur. According to reports, Hero MotoCorp will soon present its first electric vehicle under this program. This year, the company announced that it had created a global fund worth approximately $ 100 million. approximately 760 million Indian Rupees to support more than ten thousand entrepreneurs in Electric Vehicle, Environmental, Social, and Operation.
What to Expect?
Hero Vida Electric Scooter is expected to be mass-produced. Vida will likely be priced competitively if that is the case. Although it is not clear if Vida electric scooters will be number crunchers, there are certain signs that e-scooter volume has increased in recent months.
Hero MotoCorp can market an e-scooter with decent engineering and a competitive price. It’s unlikely that the first offering will be a low-speed e-scooter, with a top speed of 25 km/h. Hero’s success as a big-volume seller makes it interesting to see how Hero’s frugal engineering will impact the electric two-wheeler goals.