Hero MotoCorp

With the launch of Vida V1 Pro and Vida V1 Plus, Hero MotoCorp takes its maiden step towards 2W EVsHero Vida V1Hero MotoCorp launched two electric scooters under Vida name. They are Vida V1 Plus and Vida V1 Pro. Hero is aiming to create a niche for itself by launching a host of other add-ons like charging infra and Vida services, for smoother ownership. Hero MotoCorp also promises to launch nationwide charging stations as well.Hero Vida V1 Vs RivalsBoth Hero Vida V1 electric scooters get front telescopic forks and a single-sided mono-shock at the rear. Ola S1 and S1 Pro both get single-sided front forks as well. Even though there have been some reported failures of Ola’s single-sided front fork, it does make the right side very pretty and uncluttered.Rest of the rivals get dual front telescopic forks as well. Except for iQube, every electric scooter in this comparo gets a mono-shock unit. Hero didn’t mention the disc brake sizes. Both Vida V1 Pro and V1 Plus get disc brake at the front and rear drum brake. Hero MotoCorp has offered 12″ alloy wheel sizes and tyre sizes are not yet revealed.Because of its banana-shaped batteries neatly housed into its floorboard, Ola S1 and S1 Pro offer 36L which is the highest in this comparo. They are followed by 32L of top-spec iQube, Simple One with 30L, Hero Vida V1 Pro and V1 Plus with 26L, 450X with 22L and lastly, Chetak with 20L.Hero Vida V1 Vs Rivals – SpecsBoth Ola scooters and Simple One boast 8,500W peak power. While both Hero scooters’ peak power is 6,000W, followed by 5,400W of 450X, 4,400W of iQube and lastly, 4,080W of Chetak. In terms of continuous power, Ola scooters take the cake again with 5,500W, followed by 3,900W of Hero Vida V1 scooters. iQube is the only one with a hub motor as Vida V1 gets a swingarm-mounted motor.Specs & FeaturesHero hasn’t mentioned torque figures either. So, Simple Energy is still the torque champ with 72 Nm, followed by Ola S1 Pro and S1 with 58 Nm. When it comes to range extracted from a single charge, Simple One is unrivaled with a claimed range of 236-300 km! S1 Pro is next with 181km, followed by Vida V1 Pro with 165 km, 450X with 146 km, Vida V1 Plus with 143 km, S1 with 141 km, top-spec iQube with 140 km and lastly, we have Chetak with 85-95 km (all range figures are claimed by their respective manufacturer).With its secondary removable battery, Simple One boasts a total of 4.8 kWh battery. Top-spec variant of iQube stands 2nd with a 4.56 kWh battery, followed by a 3.97 kWh battery of S1 Pro, a 3.94 kWh battery of Vida V1 Pro, a 3.7 kWh battery of 450X, a 3.44 kWh battery of Vida V1 Plus and lastly, we have Chetak and S1 with 3 kWh worth of juice. Hero Vida V1 gets dual removable batteries that can be charged both internally and externally.Hero Vida V1 Vs Rivals – PowertrainHero didn’t mention if the prices are excluding subsidies or not. Which are likely to be inclusive of subsidies which make them a tough proposition when compared to rivals. So, Vida V1 Plus costs Rs. 1.45 lakh and V1 Pro costs Rs. 1.59 lakh. Prices vary from state to state and hence we advise you to visit your nearest dealer for an exact price quote. More

Available at a starting price of Rs 1.45 lakh, Vida V1 has dashed expectations of a more mass-market oriented product from India’s largest two-wheeler manufacturerHero Vida V1 Electric ScooterPositioned as a premium product, Hero Vida V1 will take on rivals such as Bajaj Chetak, Ather 450X, Simple One, TVS iQube and Ola electric scooter. There will be two variants on offer, Vida V1 Plus and V1 Pro. Prices are Rs 1.45 lakh and Rs 1.59 lakh, respectively (ex.sh). Bookings will open on 10th October and deliveries will commence from the second week of December.While acquisition cost is relatively higher in comparison to the likes of Hero Electric scooters, Okinawa and Ampere, Vida V1 justifies its pricing by offering a range of segment-first and hi-tech features. It will be interesting to see how much sales it can generate at this price point. The list of bestselling electric two-wheelers clearly shows the preference for affordably priced models.Hero Vida V1 PRO Vs V1 PlusAs per IDC standard, range is 143 km for Vida V1 Plus variant and 165 km in case of V1 Pro variant. Top speed is rated at 80 kmph for both variants. V1 Pro can accelerate faster, achieving 0-40 kmph in 3.2 seconds. V1 Plus will take 3.4 seconds. Gradeability of Vida V1 electric scooter is 20°.As compared to rivals like Bajaj, Ather, iQube and Ola, Hero Vida V1 comes with a removable battery pack. V1 Plus has 3.44 kWh battery whereas V1 Pro has 3.94 kWh battery. With fast charging, Vida V1 electric scooter can be charged from 0% to 80% in around 65 minutes. In a home environment, charging time from 0% to 80% is 5 hr 15 min for V1 Plus and 5 hr and 55 min for V1 Pro.Hero Vida V1 PRO Vs V1 PlusPowered by a PMSM electric motor, peak output is 6kW (8 HP) for both variants. Based on their needs, users can choose from riding modes of Eco, Custom, Ride and Sport. An interesting, useful feature is Limp Home, which allows users to drive the scooter for around 8 km at the speed of 10 kmph.Vida V1 has a compact, sporty profile and comes in exciting colour options. It is equipped with a 7-inch TFT touchscreen display with Bluetooth, 4G and Wi-Fi connectivity. A comprehensive range of advanced features are on offer such as anti-theft alarm, track my bike, geofence, remote immobilization, vehicle diagnostics and SOS alert.Vida V1 launch schedule, support infraHero Vida V1 electric scooter will be launched in a phased manner. This will be done to avoid a long waiting period. Coming from Hero MotoCorp, significant number of bookings are expected for Vida V1. In the first phase, the scooter will go on sale in Delhi, Bengaluru and Jaipur. Other cities and regions will be covered later. The scooter is being manufactured at the company’s facility in Chittoor, Andhra Pradesh.Hero Vida V1 Electric ScooterVida V1 electric scooter will be backed by a wide network of fast charging stations. There’s Vida Cloud as well, which can be used for various purposes such as booking a charging station, remote diagnostics and on-site repair. Hero is also offering attractive finance schemes with interest rates 1.5-2% less in comparison to prevailing market rates.Another useful offer is buy-back scheme, wherein customers are assured of getting 70% of purchase value during the 16th to 18th months of vehicle ownership. Interested buyers will also benefit from a first-of-its kind 3-day test ride.Image Source More

Hero MotoCorp registered a double-digit growth of 14.42% from April to September period over vehicles sold in the same period last yearSuper Splendor Black EditionHero MotoCorp sold more than 28 lakh units in the first six months of the Financial Year (April-September) 2022-23. This is a double-digit growth of 14.42% over the corresponding period of the previous fiscal (FY ’22) when the Company had sold more than 24 lakh units.The Indian motorcycle giant pushed out 519,980 units of motorcycles and scooters in September 2022. Sequentially, this translates into a growth of 12.4% MoM over the month of August 2022, when Hero had only sold 462,608 units. However, when we take the sales numbers that Hero crunched in September 2021, we see a slight drop in sales.Total sales in September 2021 were 5,30,346 units with a volume loss of 10,366 units, Hero registered a 1.95% YoY drop and 12.40% MoM growth. Motorcycle sales stood at 4,80,237 units this month with a 1.88% drop in sales YoY with a 9,180 units volume drop and a 6.54% growth MoM. But, motorcycle sales account for 92.36% of total Hero sales.Hero MotoCorp Sales Sep 2022Hero scooters saw 39,743 units sold in total with a 2.90% drop in sales YoY. However, scooters register a 234.88% growth MoM which is staggering. Top selling Hero scooters include Maestro, Destini. Hero’s domestic sales thrived while exports dragged it down. Domestically, Hero registered 0.44% growth YoY and 17.85% growth MoM. But with only 12,290 units shipped in total, Hero exports hit the ground with a 50.61% YoY drop and a 61.36% MoM drop.Hero Sales – September 2022Motorcycles are Hero’s forte with a 92.36% share in the company’s total sales. Top selling motorcycles from Hero include Splendor, HF Deluxe, Passion, Xtreme, Xpulse, etc. While scooters only enjoy 7.64% of the total sales. It can also be seen that Hero is bleeding red when it comes to exports. Hero’s exports only account for 2.36% of total volume pushed. While domestic sales account for 97.64% of total volume pushed out of their factories.Hero MotoCorp YTD salesWhen it comes to Year To Date analysis, Hero fares relatively better. With 28,18,361 units pushed out, Hero registered a 14.42% YoY growth with 3,55,231 units gained YoY. Out of this figure, 26,38,618 units are motorcycles which gained 3,44,877 units YoY and registered 15.04% growth YoY. Scooters account for 1,79,743 units and register 6.11% growth YoY with 10,354 units volume growth.Hero’s sales stand strong domestically at 27,17,280 units YTD with 4,10,766 units of volume gain and register a 17.81% YoY growth. But, as we said earlier, Hero loses precious ground when it comes to exports. With just 1,01,081 units shipped YTD. Hero lost 35.46% of sales YoY.The company is geared up to launch its first electric vehicle, VIDA – Powered by Hero on October 7, 2022. This move by Hero was much needed as the company needed to establish its roots strongly in the ever-growing 2W EV segment. With a US$60 million investment in Cali-based Zero Motorcycles, a partnership with Gogoro and Ather Energy, Hero is hoping to emerge as an EV giant in the near future. More

Hero MotoCorp sales figures are the highest in the country with ever-green heavy lifters like SplendorNew Hero SplendorHero MotoCorp is setting the stage to establish itself as an EV manufacturer. With legal niggles vs Hero Electric in the backseat, Hero MotoCorp will launch its Vida electric scooter on 7th Oct. The Indian automaker has also made strategic partnerships with Ather Energy and Gogoro. Hero is even setting alliances with Cali-based Zero EV for electric motorcycles.But petrol-powered budget commuters are where Hero really shines and in that regard, August 2022 is no different. Hero sold 2,86,007 units of Splendor with a massive volume gain of 44,304 units registering 18.33% YoY growth. With a 61.75% share of Hero’s total sales in India, Splendor is the highest- 2W in India.HF Deluxe is Hero’s cheapest offering. However, it has registered  36.96% drop in sales YoY. It only sold 72,224 units and forms 15.59% of Hero’s total sales. Passion and Glamour series are also commuters, but are offered at a slight premium over a few Splendor models. They sold 28,149 units and 27,613 units respectively and both of them registered positive sales growth of 90.04% and 16.28% respectively.Hero Sales Breakup August 2022Pleasure stands at 5th place and is not having all the fun as it registers a 3.55% drop in sales YoY with 16,589 units sold. Pleasure is still Hero’s highest-selling scooter. Followed by Destini which saw 35.87% YoY growth with 2,960 unit volume growth in August 2022. Xtreme 160R sold 3,602 units and gained 7.72% YoY. Hero recently launched a new Stealth 2.0 Edition for Xtreme 160R.Hero Sales Breakup August 2022 – DomesticMaestro series scooters sold 3,323 units and saw a 45.76% drop in sales YoY. Despite being last in this list, XPulse 200 sold 1,987 units as opposed to 1,314 units in August 2021 and saw 51.22% YoY growth. Hero’s total domestic sales stand at 4,50,707 units and register 4.55% YoY growth with 19,632 units volume growth.When it comes to exports, Hero Hunk tops the charts. Hero Hunk is long discontinued here in India. But it is being exported even today. Hunk shipped 2,749 units and registered a drop in sales of 57.60% YoY. Despite this, Hunk forms 23.16% of Hero’s total exports. Next in line is HF Deluxe which shipped just 2,451 units with a volume loss of 2,125 units over August 2021.Hero Exports Aug 2022HF Deluxe registered a 46.44% Drop in sales YoY and forms 20.65% of Hero’s total sales. In comparison, Glamour does a better job at holding sales numbers. With 2,388 units shipped, Glamour registers just 0.67% drop in sales YoY and holds a 20.12% share of this list.Hero Sales Breakup August 2022 – ExportsA shiny beacon in India, Splendor is not well received in global markets. With just 1,574 units shipped, Splendor registers a 70.72% drop in sales YoY. Off-roader XPulse popularity is going down in global markets as it saw a 53.35% drop in sales YoY. Passion shipped 990 units in August 2022.Pleasure is having some fun in export charts and with 372 units sold, it saw an 8.14% YoY growth. Next is Maestro with 312 units shipped, also falling in the red zone. Except for Pleasure, all of Hero’s exports have suffered de-growth YoY. Hero MotoCorp shipped 11,868 units in August 2022 with 10,874 units volume loss and registered 47.81% de-growth YoY when compared to August 2021. However, its arch-rival Honda is doing better in exports. More

Hero MotoCorp announces collab with California (USA) based electric motorcycle and powertrain manufacturer, Zero MotorcyclesZero Electric MotorcyclesHero MotoCorp is finalizing a collaboration agreement with Zero Motorcycles. The latter, a California (USA)-based manufacturer works with premium electric motorcycles, and powertrains. Hero will be investing in the US based company.India boasts of a larger than life two-wheeler industry. It’s not difficult to see how much more nuanced 2W penetration is as compared to private car purchases. Keeping this in mind, and the commitment made to improve the presence of electric vehicles by the end of the decade, it’s no surprise that the electric two-wheeler industry is a key focus area.Electric 2W industry growthWhile Electric vehicle market growth goals will be continually monitored and revised, one thing is for certain. Current business activity portends to growth in the short term. And considering just how young the e2W market is, no doubt multiple players are coveting market leadership positions. And herein lies great market potential.Electric two wheeler sales volumes are increasing but they contribute to a small percentage of total two wheeler sales. And the market is dominated by motorcycles across segments. And, growth in the e2W industry right now finds focus limited to electric scooters. In fact, the number of e-motorcycles available are rather few.Zero Electric MotorcycleCo-developing electric motorcyclesMajor disruptions are being attributed to new names in manufacturing, and one is yet to find a traditional two-wheeler manufacturer take the lead. So, with Hero MotoCorp announcing its entry, it’s an exciting time for the electric two wheeler space. Hero maintains leadership in the two-wheeler industry, and one expects big things from the manufacturer in the electric market.Zero Electric MotorcycleHero MotoCorp’s collaboration with Zero Motorcycles will focus on co-developing electric motorcycles. The company’s board approved an equity investment up to US$60 million in Zero Motorcycles. Hero MotoCorp is looking at organic and inorganic /collaboration initiatives in the electric vehicle market. For now, the manufacturer is geared up for its first electric 2W launch under its emerging mobility brand Vida. Product details will be available on October 7, 2022.Hero MotoCorp collaboration initiativesConsidering the number of new age manufacturers in the foray, it’s no surprise that smaller players are perfectly fine with associating with bigger names. The age of start-ups ensures business owners selling rather quickly after establishing a business. Where older manufacturers are concerned, collaborations have ensured efficiency on economies of scale.And with Hero MotoCorp being an established player, it could create ripples in the e2W industry through investments in multiple companies that align with its EV goals. This includes GoGoro, and Ather Energy. More