Hero MotoCorp is set to significantly scale up its electric vehicle operations, with plans to double the production capacity at its Sri City plant to 6.6 lakh units by 2027, following a sharp rise in EV volumes and market share.
- Sub-Rs 1 lakh Vida scooter launch expected in August 2026
- Capacity to increase from 3.3 lakh to 6.6 lakh units by 2027
- FY26 registrations at around 1.44 lakh units, market share rises to 10.3 percent
Hero MotoCorp EV expansion details
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Targets EV production of 2.8 lakh units in FY27
The manufacturer also plans to ramp up electric two-wheeler production to 2.8 lakh units in FY2027, nearly double its FY2026 output of 1.48 lakh units, as it expands its footprint in the EV space.
The growth will be supported by a broader product strategy under the Vida brand, including a new fixed-battery electric scooter expected to launch around August 2026. The model is likely to feature a 3.8kWh battery pack and be priced below Rs 1 lakh, targeting mass-market buyers.
The company has already taken steps in this direction with the VX2 electric scooter, which introduced a Battery-as-a-Service (BaaS) model. Prices start at Rs 44,990 under the subscription plan, while outright purchase prices range from Rs 77,590 to Rs 98,970.
Hero’s earlier EV push was led by the Vida V1 range with removable batteries, positioned in the premium segment. However, the company is now shifting focus towards higher volumes through more accessible offerings.
Further expansion is planned in the motorcycle segment, with two electric models expected in 2027, including the Lynx trial bike and the more mainstream Vida Ubex.
Hero MotoCorp’s EV push comes amid growing competition from players such as TVS Motor Company, Bajaj Auto and Ather Energy.
With inputs from KIRAN MURALI
Vishal Venugopal
Ved Janve
Stephen Raj Antony
