TL;DR
Hero MotoCorp is set for major FY27 expansion, focusing on tripling electric scooter production and strengthening its premium motorcycle offerings with a significant investment.
Hero MotoCorp, India's largest two-wheeler manufacturer, is embarking on an aggressive expansion phase for the fiscal year 2027, with a strong focus on electric scooters and premium motorcycles. The company plans to significantly increase its production capacity for Vida electric scooters, aiming to nearly triple its EV output by the end of calendar year 2026.
This strategic shift highlights Hero MotoCorp's commitment to new and growing segments, moving beyond its traditional commuter motorcycle stronghold. The company anticipates that electric scooters will constitute a much larger share of its overall sales in the coming years, potentially exceeding 50 percent of total scooter volumes by the end of the decade. Expansion of Vida retail and service networks, alongside accelerated localization efforts, are key components of this ambitious plan, backed by an allocation of approximately ₹1,500 crore for EV expansion, R&D, and future mobility solutions.
