Overview
- Hero MotoCorp set a 2027 goal to lift EV capacity at its Sri City, Andhra Pradesh plant from 3.3 lakh to 6.6 lakh units.
- The company targets output of 2.8 lakh electric two-wheelers in FY2027 after producing about 1.48 lakh in FY2026.
- Vida plans a lower-cost scooter for around August 2026 that is expected to use a fixed 3.8 kWh battery and be priced under ₹1 lakh.
- The model aims at buyers who charge at home, while Vida’s recent momentum includes roughly 10% market share and strong April year-on-year gains.
- Hero has earmarked over ₹1,500 crore in FY27 capital spending, according to GaadiWaadi, to expand EV capacity and fund new models.