Hero MotoCorp

With a large 3.94 kWh battery pack, will Hero Vida V1 Pro manage to clock a real-world range that is close to official claim?Hero Vida Electric Scooter Range Test Real WorldHero Vida V1 was launched recently and has been quite a mixed bag as far as appeal goes. It is a commendable effort for sure, from the country’s largest 2W manufacturer. But will it meet the success which is generally expected from a Hero MotoCorp product, well we will have to wait and see. Especially when this is among their most expensive offering, at Rs. 1.7 lakh (on road, Bangalore, without FAME II subsidies).Every single one of Hero MotoCorp’s rivals costs much less than Vida V1 Pro. That said, Vida V1 Pro offers a removable battery feature, which can very well be the deciding factor. None of the premium electric scooters from Ola, Ather, TVS and Bajaj offer a removable battery. This is a boon for people living in apartments or those who do not have access to charging facility in parking space.Hero Vida V1 Pro Range TestHero claims 165 km of range for Vida V1 Pro and 143 km of range for Vida V1 Plus. Both the IDC range and real-world range vary vastly. For example, real-world range for Ola S1 Pro crossed 200 km with some users and 300 km with some, while claimed range is 180 km only. Thanks to YouTuber Pradeep On Wheels, we now have the first real-world range for Vida V1 Pro.Pradeep ensured that both batteries on Hero Vida V1 Pro are charged to the max. He set off to test the range in Eco mode and maintained a top speed of 40 km/h. First 50 km of the ride was covered with just 38% of battery power with 62% left. At around 53% battery, Hero Vida V1 Pro covered 60 km of range.[embedded content][embedded content]At around 50% charge, Pradeep engaged cruise control and until then, manual throttle inputs were used. Cruise control was set to around 40 km/h top speed to extract maximum possible range from V1 Pro. By the time Pradeep covers 85 km, battery is at 36%. This is a strong indication that V1 Pro would cover over 100 km.At around 30% battery, the total distance covered was 94 km. By the time 100 km mark was touched, battery hovered around 24%. This means that Hero Vida V1 Pro would cover 100 km of range from a single charge with 24% of battery on reserve. At this point, the onboard computer was showing a range of 25 km left with 24% battery.At 110 km, one battery showed 13% charge and another battery showed 12% with 14 km DTE (Distance To Empty). Once battery is below 20%, V1 Pro switches to a conservative state where user can only choose between Eco and Ride modes. There is a low battery warning at 10% with both batteries.Hero Vida Electric Scooter Real World Range TestWhat Happens At 5% Charge?When Vida V1 Pro falls below 5% charge, it automatically goes into limp home mode where top speed is capped at 10 km/h. Pradeep extracted 120 km before going into this mode. From 5% to dead, Hero Vida V1 Pro covered 1.8 km. Pradeep’s effective real-world range of V1 Pro with a total of 3.94 kWh battery pack is 121.8 km. This is nowhere close to the official claim of 165 kms. Especially considering that speed was maintained below 40 km/h throughout the ride. With higher speeds, range would have dropped drastically.But that does not mean Hero electric scooter cannot do 165 kms or more on a single charge. Range depends on a lot of factors including weather, road condition, etc. In addition, with more users getting on road with the Hero Vida e-scooter, there will be more data available to Hero engineers. This will help Hero MotoCorp to optimise software and Battery Management System via future OTA software updates. That will not only increase range, but also the performance of Vida electric scooter. More

Even as Hero MotoCorp continued to remain the No. 1 two-wheeler maker in India, sales dipped marginally on a YoY basisHero Splendor 125cc Matte BlackHero MotoCorp, the No. 1 automaker in India has seen its sales dip albeit marginally in the past month. Total sales in December 2022 stood at 3,94,179 units in Dec 2022, down 0.15 percent from 3,94,773 units sold in Dec 2021.Domestic sales improved by 1.84 percent to 3,81,365 units from 3,74,485 units YoY while exports slipped 36.84 percent to 12,814 units in Dec 2022 from 20,288 units shipped in Dec 2021. Motorcycle sales took a 5.34 percent decline to 3,56,749 units in Dec 2022 while scooter sales improved 108.98 percent to 37,430 units last month.Hero MotoCorp Sales Dec 2022Taking MoM sales into account, Hero MotoCorp saw a 0.83 percent MoM growth to 3,94,179 units from 3,90,932 units sold in Nov 2022. Growth was seen both in terms of domestic sales (3,81,365 units) up 0.40 percent and exports (12,814 units) which grew by 15.51 percent MoM. Hero Splendor, HF Deluxe and Pleasure were the top 3 selling bikes during the month while the Destini 125 also added good numbers.Taking into account sales during the past calendar year 2022, Hero MotoCorp reported a 0.15 percent decline when compared to sales in CY 2021. Total sales which had stood at 50,34,422 units in CY 2021 dipped to 50,26,717 in CY 2022.Hero MotoCorp Sales Dec 2022Sales were in the red in the first 3 months of last year thus taking Q1 2022 sales down 26.11 percent to 11,05,754 units from 14,96,478 units sold in Q1 2021. Sales then increased in the following three months to end Q2 sales up 41.20 percent to 13,28,082 units from 9,40,597 units sold in Q2 2021. However, losses in the first three months of CY 2022 led to H1 sales falling by 0.13 percent.Hero MotoCorp yearly sales – 2022 CYQ3 2022 sales improved by 1.67 percent to 13,89,011 units while Q4 2022 sales fell 2.21 percent to 12,03,870 units. H2 2022 sales were thus down 0.17 percent to 25,92,881 units from 25,97,347 units sold in H2 2021. Total sales in the past calendar year dipped 0.15 percent to 50,26,717 units from 50,34,422 units sold in CY 2021. Hero Vida V1 Electric ScooterAfter launching the XPulse 200T 4V last month at Rs 1,25,726 (ex-showroom Mumbai), the company has entered the highly lucrative electric two wheeler segment with the Vida V1 e-scooter. The first scooter has already been delivered from the Vida Experience Centre located at Vittal Mallya Road in Bangalore. Hero Vida V1 is presented in two variants of Plus and Pro priced at Rs 1.45 lakh and Rs 1.59 lakh, ex-showroom, respectively.This pricing is inclusive of a portable charger and charging service. Viad V1 receives swappable batteries with the Pro slated to offer 165 kms range and Plus at 143 kms on single charge. The electric motor on both variants is capable of 6 kW power and 3.9 kW continuous power output. The Vida V1 competes with the Ola S1, TVS iQube and Bajaj Chetak in its segment and is expected to boost sales for the company in the months ahead. More

To avoid a deluge of bookings and ensure timely deliveries, Hero Vida is being launched in a phased manner across the countryFirst owner of Hero Vida electric scooter takes deliveryHero MotoCorp’s first electric scooter, Vida has been available for booking in Delhi, Bengaluru and Jaipur. Users can reserve their Vida by paying a token amount of Rs 2,499. This is fully refundable or will be adjusted against the final price at the time of purchase. By 2022, Hero has plans to make Vida available at more than 200 locations across the country.Recently, Hero opened Vida’s first experience centre in Bengaluru. In coming weeks, Vida experience centres will be open for business in Delhi and Jaipur. Deliveries of Vida electric scooter have officially started today. Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp delivered the very first Hero electric scooter to a customer in Bangalore.Hero Vida variantsHero Vida is available in two variants, V1 Plus and V1 Pro. Primary difference between the two is in their installed battery capacity and range. V1 Plus has 3.44 kWh battery capacity, whereas V1 Pro has 3.94 kWh. Both scooters have dual battery packs of 1.72 kWh and 1.97 kWh, respectively. Range is 143 km for V1 Plus and 165 km for V1 Pro. Acceleration is slightly faster with the Pro variant that takes 3.2 seconds to reach from 0 to 40 kmph. The Plus variant does that in 3.4 seconds.Both Vida variants have the same performance numbers at 6 kW of peak power and 25 Nm of max torque. Gradeability is 20° whereas top speed is rated at 80 kmph. Both variants have riding modes of Eco, Ride and Sport. Pro variant gets an additional Custom riding mode, which offers more than 100 combinations. Pro variant weighs 125 kg, which is 1 kg more than Plus variant.First Hero Vida Electric Scooter Experience CenterIn a home environment, charging time is 5 hours 15 minutes for Plus and 5 hours 55 minutes for Vida Pro variant. With a fast charger, the time taken for a full charge is around 2 hours for V1 Plus and 2 hours 20 minutes for V1 Pro.Common features for both variants of Vida electric scooter include all-LED projector headlamp, 7-inch TFT display with OTA support, Bluetooth, 4G, Wi-Fi, anti-theft alarm, geofence, track my bike, vehicle diagnostics, cruise control, SOS alert, regenerative braking and reverse function. Vehicle warranty and battery warranty are 5 years/50,000 km and 3 years/30,000 km, respectively.Hero Vida priceEffective price (after FAME II subsidy) in Delhi is Rs 1.28 lakh for V1 Plus and Rs 1.39 lakh for V1 Pro variant. Vida ex-showroom price is the same across all three cities and it gets Central Government FAME II subsidy of Rs 51k for V1 Plus and Rs 60k for V1 Pro.The difference in pricing across cities comes from the varying levels of subsidy offered by respective state governments. Some states have discontinued their subsidy completely, resulting in higher pricing. In Bengaluru where state subsidy is not available, effective price is Rs 1.45 lakh for V1 Plus and Rs 1.59 lakh for V1 Pro. More

Hero MotoCorp remained the No.1 two wheeler maker in Nov 2022 with total sales of 3,90,802 unitsImage – Indian IdentityHero MotoCorp, India’s largest two-wheeler maker, has posted a YoY domestic sales growth of 15.48 percent in Nov 2022. However, in export markets, the company saw its shipments dip by 45.97 percent. Total sales in the past month stood at 3,90,802 units in the past month, up from 3,49,531 units sold in Nov 2021.Domestic sales grew by 15.48 percent to 3,79,709 units in Nov 2022 from 3,28,817 units sold in Nov 2021. This was a volume growth of 50,892 units. Exports dipped 45.97 percent to 11,093 units in Nov 2022 from 20,531 units shipped in Nov 2021 relating to a volume de-growth of 9,438 units.Hero MotoCorp Domestic Sales Nov 2022Hero Splendor 100-110cc led the sales chart in the past month. Sales increased by 37.97 percent YoY to 2,65,588 units in Nov 2022, up from 1,92,490 units sold in Nov 2021. This was a volume growth of 73,098 units with the Splendor commanding a 69.95 percent share.At No. 2 was HF Deluxe that has posted a YoY de-growth of 14.54 percent. Sales of this commuter bike in Nov 2021 had stood at 76,149 units which dipped to 65,074 units in Nov 2022. The HF Deluxe currently commands a 17.14 percent share on this list. Hero Pleasure was the company’s best-selling scooter in Nov 2022 with 19,739 units sold, up 77.25 percent YoY from 11,136 units sold in Nov 2021. The Pleasure scooter was also the 4th best-selling scooter in the country after the Activa, Access and Jupiter.Hero MotoCorp Sales Breakup Nov 2022Destini 125 sales surged 372.15 percent on a YoY basis to 15,411 units in Nov 2022 from 3,264 units sold in Nov 2021. Sales of Hero Glamour (7,402 units) and Passion (2,740 units) dipped significantly on a YoY basis by 66.20 percent and 78.81 percent respectively. Sales of these two models stood at 21,901 units and 12,933 units in Nov 2021. Domestic sales of Hero Maestro (1,977 units), Xtreme 160/200 (1,196 units) and Xpulse (582 units) also took a dive on a YoY basis.Hero MotoCorp expects the new Vida V1 electric scooter, recently introduced in India to bring in added sales in the coming months. Bookings have opened and deliveries have commenced. The Vida e-scooter is presented in two variants Vida V1 Plus and Vida V1 Pro priced at Rs 1.45 lakh and Rs 1.59 lakh, ex-showroom, respectively.Hero MotoCorp Exports Nov 2022Every model in the company lineup posted a YoY de-growth in terms of exports except for the  Hero Maestro. In export markets, it was the Hero HF Deluxe that saw the most sales at 4,192 units, down 16.26 percent YoY from 5,006 units sold in Nov 2021. It currently holds a 37.79 percent share.Hero MotoCorp Exports Nov 2022Hero Hunk exports dipped 70.74 percent YoY to 2,654 units in Nov 2022 from 9,070 units shipped in Nov 2021. More recently, the 2023 Hero Hunk has been doing the test rounds. Completely without any camouflage, the Hunk appears to be a rebadged Hero Xtreme 200R which had been discontinued a few years back.Exports of Hero Splendor dipped by 32.05 percent to 2,120 units from 3,120 units shipped in Nov 2021 while Hero Maestro was the only model on this list to post a YoY growth in terms of exports. Shipments stood at 774 units in the past month, up 128.99 percent from 338 units shipped in Nov 2021.Hero Xpulse 200 (578 units) and Glamour (400 units) both posted a YoY de-growth in terms of exports by 53.94 percent and 75.93 percent respectively over 1,255 units and 1,662 units shipped in Nov 2021. There were also 270 units of Passion and 96 units of Pleasure exported last month while Destini 125 sales dipped 88.75 percent to just 9 units in Nov 2022 from 80 units shipped in Nov 2021. More

Positive growth momentum is expected to continue in coming months on account of favourable economic conditions in the countryHero SplendorIndia’s largest two-wheeler manufacturer, Hero MotoCorp has reported YoY gain of 12% in the month of November. A total of 390,932 units were sold in comparison to 349,393 units sold in November last year. YTD numbers are also positive with cumulative sales at 3,663,875 units during YTD FY’23. In comparison, a total of 3,360,493 units were sold during YTD FY’22.However, MoM growth is negative in comparison to 454,582 units sold in October 2022. October and November are usually the best months of the year in terms of sales. Most OEMs including Hero launch special schemes, discount offers and finance options to ensure max sales during this period.Hero domestic sales vs. exports – Nov 22Even though Hero has stepped up focus on exports, it continues to be largely dependent on domestic sales. In the month of November, domestic sales were at 379,839 units. YoY growth is positive, as compared to 328,862 units sold in November last year. Domestic sales during YTD FY’23 was at 3,539,944 units, as compared to 3,163,155 units during YTD FY’22.Hero exports have taken a hit in November, possibly due to inflationary conditions prevailing in several overseas markets. India is among the few countries that have relatively less inflation in comparison to global average. Hero export numbers in November were at 11,093 units, a significant fall from 20,531 units exported in November last year. Cumulative numbers tell a similar story with 123,931 units exported during YTD FY’23. Exports were higher at 197,338 units during YTD FY’22.Hero MotoCorp domestic sales – YoY vs MoMOverall, it’s the motorcycles that continue to generate majority of sales for Hero MotoCorp. Some of Hero’s bestsellers include Splendor, HF Deluxe, Hero Passion and Glamour. Contribution of scooters in overall sales was around 10% in November 2022. Both motorcycle and scooter sales were positive in the month. A total of 352,834 motorcycles and 38,098 scooters were sold, as compared to 329,185 motorcycles and 20,208 scooters in November last year.Hero MotoCorp Sales Nov 2022Growth momentum to continueWith favourable economic indicators such as encouraging farm activity, along with positive consumer sentiments and upcoming marriage season, Hero MotoCorp expects the sales momentum to continue in coming months. Sales will also get a boost from VIDA electric scooter, which is currently available in Bengaluru, Delhi and Jaipur. Deliveries are scheduled to commence from second week of December 2022.Hero MotoCorp continues to focus on strengthening the social ecosystem, as part of its CSR program. The company recently provided 50 motorcycles and 10 scooters to Gurugram police. These will be used for patrolling to keep a check on crime and ensure safety of women.There’s focus on promoting biking as well, via special events such as Hero Dirt Biking Challenge (HDBC). The company recently concluded the first edition of this event, which witnessed participation from riders and enthusiasts across the country. The event was spread over a period of 120 days, covered 41 cities and had 1 lakh registrations. Asad Khan was announced as the off-Road Riding Champion in this year’s event. The complete story will be aired soon on MTV and Voot. More

Rise in prices of Hero motorcycles and scooters is due to the prevailing inflationary situationNew Hero SplendorIndia’s largest two-wheeler manufacturer, Hero MotoCorp has announced that it will be increasing prices of its motorcycles and scooters from December 01, 2022. Prices will be increased by up to Rs 1,500 and will vary based on the specific model and market.This will be the fourth price hike for Hero motorcycles and scooters in 2022. The last price hike was in September, when prices were increased by up to Rs 1,000. At that time too, the reason for the price hike was stated to be rising cost inflation. Hero MotoCorp Dec 2022 price hike will be applicable to almost all their two wheelers, including top sellers like Splendor, Passion, HF Deluxe, Pleasure, Destini, etc.Hero MotoCorp price hike December 2022OEMs usually try to absorb rising cost inflation as much as possible, since it has potential to impact sales. OEMs can optimize processes and reduce production cost to deal with rising cost inflation. Overall, the aim is to minimize the impact on consumers. However, at times it is just not possible to avoid a price increase. This is usually done to ensure business sustainability.As a means to cushion the impact of price hike on consumers, Hero MotoCorp has said that it will continue to provide innovative financing solutions. It is likely to include option of minimal down payment and competitive interest rates. There could be some special offers available at the dealer level as well.Prices of new Hero Vida Electric scooter start from Rs 1.45 lakh, ex-shHero has also launched online exchange program, which is another great way to reduce overall cost of acquisition. The exchange program covers most scooters and motorcycles that are less than 15 years old. Users just need to provide some details about the condition of their bike to get an instant quote on the exchange value. Hero’s exchange program is a great help to those looking to buy a new bike or upgrade to a larger capacity model.To protect consumers from future price hikes, Hero has launched an accelerated savings program within the organization. It will not only help absorb further cost impact, but will also result in improved margins. In view of prevailing economic conditions, Hero expects increased demand for two-wheelers in the future. It is anticipating an increase in sale volumes in coming quarters.Hero upcoming bikesHero has already ventured into EV space with launch of Vida electric scooter. It is currently available for sale in Bengaluru, Delhi and Jaipur. Other cities will be covered in the coming months. An electric bike is also under development in collaboration with California (USA)-based Zero Motorcycles. Investments worth up to US$60 million have been allocated for Zero Motorcycles, which will be utilized for design and development of Hero’s first electric motorcycle.In ICE segment, Hero is expected to launch Xpulse 400 and Xtreme 400S. These have been spotted on road tests. Another major project is a new 350cc bike being developed in collaboration with Harley-Davidson. The bike is currently in advanced stage of development. It will have Harley’s signature design aesthetics and sold via Harley dealerships. It will primarily rival Royal Enfield 350cc bikes. More