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      Hero MotoCorp Sales Jan 2022 – Splendor, Passion, Glamour, Destini

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      Image – Unseen AutoHero MotoCorp has opened online bookings for the second batch of XPulse 200 4-Valve, after the first lot was completely sold outAmidst the third wave of the pandemic, ongoing semiconductor shortage and staggered production operations, Hero MotoCorp has accelerated its global expansion plans. The two wheeler major has added impetus to markets across Central America and retail sales have been initiated from the new flagship store in San Salvador.In domestic markets, the company announced a price hike across range from January 2022. Prices have been increased upto Rs 2,000 and depends on model and variant.Hero MotoCorp Sales Jan 2022Hero MotoCorp has also released their sales report for January 2022. It may be seen from the attached table that total sales were down to 3,80,476 units in January 2022. This was against 4,85,889 units sold in January 2021. Total Year-to-Date (YTD) sales also fell substantially with 41,35,742 units sold in the April to January 2022 period as against 47,09,114 units sold in the same period of 2021.Taking motorcycle and scooter sales separately, motorcycle sales dipped to 3,57,845 units in the past month. This was significantly lower than 4,49,037 units sold in January 2021. YTD sales also fell to 38,63,590 in the 2022 period from 43,45,126 motorcycles sold in the April to January 2021 period. In the motorcycle segment, the company has models such as the Splendor, Passion, HF Deluxe, Glamour, Xtreme, Xpulse.Hero MotoCorp Sales Jan 2022Last month, Hero MotoCorp commenced online bookings for the second batch of their latest motorcycle XPulse 200 4 Valve. The first lot of bikes was completely sold out. The XPulse 200 4 Valve is priced at Rs 1,30,150 (ex-showroom Delhi) and bookings can be made at an advance payment of Rs 10,000.Scooter Sales January 2022Scooter sales also suffered a YoY de-growth to 22,631 units in the past month, down from 36,852 units sold in January 2021. YTD sales dipped to 2,72,152 in the 2022 period from 3,63,988 scooters sold in the same period of the previous year.This took total domestic sales to 3,58,660 units in January 2022, down from 4,67,776 units sold in January 2021. YTD sales also suffered a de-growth to 38,96,300units in the April to January 2022 period from 45,71,157 units sold in the same period of last year. Hero scooter range includes the likes of Pleasure, Destini, Maestro.Hero MotoCorp ExportsDespite de-growth in domestic markets, Hero MotoCorp has recorded growth in terms of exports. Two wheeler exports stood at 21,816 units in January 2022, up from 18,113 units sold in January 2021. YTD exports also increased substantially to 2,39,442 units, from 1,37,957 units sold in the same period last year.Last year, Hero MotoCorp indicated launch of a new e-scooter, which would hit the streets by March 2022. It was at the end of 2021 that Hero MotoCorp filed as many as six trademarks for ‘Vida’. Hero MotoCorp is likely to sell EVs under the Vida electric vehicle subsidiary.The electric vehicle project is in advanced stages and production will likely take place at the company plant in Chittoor, in Andhra Pradesh. Once launched, this upcoming e-scooter from Hero MotoCorp will compete with the likes of the Bajaj Chetak electric, Ather 450X and TVS iQube, etc. More

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      Hero Sales, Exports Breakup Dec 2021 – Splendor, Passion, Deluxe, Maestro

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      Image – Verma Art ModificationsHero MotoCorp suffered a YoY de-growth both in terms of domestic sales and exports in December 2021Hero MotoCorp was once again at the top of two wheeler sales in December 2021. The two wheeler major beat Bajaj, TVS, Honda by a significant margin despite recording de-growth both in terms of domestic sales and exports. This de-growth is what is being faced by a majority of two wheeler makers in the country while sales of electric vehicles in this segment is on the rise.Hero Sales Breakup Dec 2021In domestic markets, sales stood at 3,74,415 units, down 11.91 percent over 4,25,033 units sold in December 2020. MoM sales performed better with a 13.87 percent growth over 3,28,817 units sold in November 2021. Leading the domestic sales charts was the Splendor with a 16.33 percent YoY growth to 2,26,759 units up from 1,94,930 units sold in December 2020. Hero Splendor commands a 60.56 percent share in the company lineup.It was not only the best-selling bike in the country in the past month but the only bike to score sales above the 1 lakh unit mark. MoM sales of the Splendor also increased 17.80 percent from 1,92,490 units sold in November 2021. Hero HF Deluxe was at No. 2 with a YoY de-growth of 41.15 percent to 83,080 units in the past month, down from 1,41,168 units sold in December 2020. MoM sales increased 9.10 percent from 76,149 sold in November 2021.Hero Glamour sales increased both in terms of YoY and MoM by 64.23 percent and 44.26 percent respectively to 31,595 units in the past month. Hero Glamour also finished in a 7th position on the list of top 10 best-selling motorcycles in December 2021 ahead of TVS Apache, Yamaha FZ and Honda Unicorn.Hero Sales and Exports Breakup Dec 2021 vs Dec 2020 (YoY)Hero Passion and Pleasure sales dipped in YoY by 69.57 percent and 51.78 percent to 11,146 units and 9,205 units. MoM sales also fell 13.82 percent and 17.34 percent respectively over 12,933 units and 11,136 units sold in November 2021. At No.6, Hero Maestro has been noting increased demand in domestic markets. Sales increased 38.71 percent YoY to 5,425 units in December 2021 while sales in November 2021 had been at 5,290 units relating to a 0.65 percent MoM increase.While sales of Hero Destini 125 dipped 51.49 percent YoY and 13.97 percent MoM to 2,808 units, that of Xpulse 200 surged 149.02 percent in December 2021 to 2,535 units from 1,018 units sold in December 2020. MoM sales also increased by 10.07 percent from 2,303 units sold in November 2021. Trailing the sales list was Hero Xtreme 160R with 1,862 units sold, down 42.97 percent YoY decline and a4 2.73 percent MoM de-growth from 3,251 units sold in November 2021.Hero Exports Breakup Dec 2021Hero MotoCorp’s export markets are spread over Asia, Africa, South and Central America and the Caribbean. The company has noted a YoY and MoM de-growth in terms of exports in the past month. Total exports for December 2021 stood at 20,287 units, down from 22,302 units shipped in December 2020. MoM exports fell marginally by 1.19 percent from 20,531 units sold in November 2021.Hero Sales and Exports Breakup Dec 2021 vs Nov 2021 (MoM)Most models in the company lineup have seen YoY de-growth except for the Hunk, HF Deluxe and Glamour. Hero Hunk found the most buyer in global markets with 8,873 units shipped last month, up 230.10 percent over 2,688 units sold in December 2020. MoM shipments, however, decreased 2.17 percent from 9,070 units shipped in November 2021.HF Deluxe sales also increased 83.63 percent to 5,799 units in the past month, from 3,124 units shipped in December 2021 while MoM shipments increased 15.84 percent from 5,006 units shipped in November 2021. At No.3, Hero Glamour noted an 84.88 percent YoY growth to 2,568 units from 1,389 units shipped in December 2020 and it was also a MoM growth of 54.51 percent over 1,662 units exported in November 2021.Thereafter, models such as the Splendor, Xpulse 200 and Maestro noted a deep YoY and MoM de-growth in terms of exports. Hero Pleasure added 192 units to sales while exports of Destini 125, Achiever, Duet, Xtrteme 150 and 160 and Passion failed to take off. More

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      Hero Xpulse 200 4V Bookings Reopens – Jan 2022 Price Hike

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      Image – The Bengal RiderHero Xpulse 200 4V was launched last year in October at a starting price of Rs 1.28 lakh
      A popular choice for thrill-seekers, Hero Xpulse 200 4V is among the most affordable adventure-ready bikes in the country. Around two months after its launch, bookings were closed after the first batch was sold out. Hero MotoCorp had said that it will be focusing on deliveries before taking bookings for the next batch. For the first batch, the company had a targeted delivery timeline of 45 days.
      Hero Xpulse 200 4V bookings reopen
      Those who missed out earlier can book their Xpulse 200 4V at Hero’s eSHOP. They will need to make an advance payment of Rs 10k. If the demand is high, the company will be taking a limited number of bookings like last time. Along with reopening bookings, price of the bike has been increased by Rs 2k. Ex-showroom starting price of Hero Xpulse 200 4V in Delhi is now Rs 1.30 lakh.
      No new updates have been introduced for Xpulse 200 4V with this latest price hike. The decision is likely to be based on increase in production costs. Last year in December, Hero MotoCorp had announced a price hike for most of its two-wheelers.
      The new prices were to become applicable from January 4, 2022. Prices were to be raised up to Rs 2k and it varied based on the model and variant. In January 2022, various other two-wheeler manufacturers have announced price hikes. The list includes Royal Enfield, Yamaha, Kawasaki, and Ather.
      New Hero Xpulse 200 4V
      Hero Xpulse 200 4V engine and specs
      Xpulse 200 4V variant comes with a 4-valve engine, as compared to 2-valve, OHC set-up in use with standard Xpulse 200. A 4-valve setup offers multiple benefits including improved performance. It improves air flow to the engine, which in turn ensures efficient fuel combustion. While power is increased, a 4-valve setup also reduces emissions.
      In case of Hero Xpulse 200 4V, power and torque have been increased by 6% and 5%, respectively. Moreover, power delivery has witnessed tangible improvements in mid and top range. Vibrations have been reduced, which is applicable even when the bike hits top speeds.
      Powering Hero Xpulse 200 4V is a 199.6 cc, oil cooled motor. It churns out 19.1 ps of max power at 8,500 rpm and 17.35 Nm of peak torque at 6,500 rpm. It is mated to a 5-speed constant mesh gearbox. In comparison, standard Xpulse 200 delivers 17.8 ps and 16.45 Nm.
      Xpulse 200 4V has a diamond type frame with telescopic front forks and monoshock rear suspension. The bike has 21-inch front and 18-inch rear wheels. Braking duties are performed by 276 mm and 220 mm petal discs at front and rear, respectively.
      While Hero MotoCorp will continue to focus on petrol-powered two-wheelers, it is expected to take the first steps in EV space soon. Hero MotoCorp’s first ever electric scooter is likely to be launched this year. It has been developed in collaboration with Taiwan-based Gogoro. The company is also eying other opportunities, which is evident in the recent investment of Rs 420 crore in Ather Energy. More

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      Ather Electric Scooter Makers Get Rs 420 Cr From Hero MotoCorp

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      Ather Electric ScooterHero MotoCorp has revealed that Sustainability and Emerging Mobility is priority area for the company
      Hero MotoCorp is leaving no stone unturned in creating a wider presence for itself in the electric vehicle (EV) segment in India. The world’s largest two-wheeler producer is looking for broader stakes in the electric mobility space of the country. In line with its vision of “Be the Future of Mobility”, the company has announced fresh investments in Ather Energy.
      The board of Hero MotoCorp has approved a new investment of up to Rs. 420 crore in the Bengaluru-based EV startup in one or more tranches. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy stood 34.8 percent. Ather Energy are the makers of one of the best selling electric scooter in India.
      Hero MotoCorp Investments in Ather Energy
      Post this fresh investment, shareholding will increase and exact shareholding will be determined upon completion of the capital raise round by Ather. This is the fifth time Hero MotoCorp is investing in Ather. Hero MotoCorp first invested in Ather back in 2016 when it became a strategic partner.
      Earlier in July 2020, Hero MotoCorp invested Rs 84 crore to raise its stake in the EV startup. The company has also invested $12 million (Rs 89 crore) as a part of the Series D round in Ather Energy.
      Ather Energy is backed by Hero MotoCorp
      Hero was one of the early investors in Ather Energy and has continued to expand its association over the years. The company is also exploring collaborations with Ather in various other spheres such as technology, charging infrastructure and sourcing.
      Upcoming E-scooter from Hero MotoCorp
      Although Hero hasn’t officially set into the EV space by itself, it has formed strategic alliances with external EV manufacturers like Ather Energy and Gogoro. The company is gearing up to unveil its first electric vehicle in March this year. The vehicle is being developed at its R&D set-up – the Center of Innovation and Technology (CIT) in Jaipur and the Tech Center Germany (TGG) near Munich in Germany.
      The upcoming electric scooter from Hero MotoCorp will be produced at the company’s manufacturing facility at Chittoor in the southern Indian state of Andhra Pradesh. Hero MotoCorp is currently engaged in a legal battle with Hero Electric over the use of its brand name ‘Hero’ for electric two-wheelers.
      In October 2021, Hero MotoCorp became the first company to adopt Ather Energy’s fast-charging technology for its own upcoming electric scooter slated to be launched in a few months. Coming to Ather Energy, the startup was established in 2013 and it is in the business of designing, manufacturing, producing, selling, servicing, software development, and software management, in relation to electric automobiles and charging infrastructure. More

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      Hero Electric Vs Hero MotoCorp In Court – Over Use Of Brand HERO

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      Image for referenceAs per legal agreement, Vijay and Naveen Munjal (father-son duo) were granted exclusive rights to use ‘Hero’ brand for their electric vehicles
      Around a decade back, the extended Munjal families parted ways and were given their respective ownership of businesses. Vijay and Naveen Munjal got ownership of Hero Electric whereas Pawan Munjal continued with Hero MotoCorp. As per claims, Vijay and Naveen Munjal have the rights to use ‘Hero’ brand to manufacture and sell electric vehicles in domestic as well as international markets.
      Hero Electric approaches Delhi High court
      Just a few years back, there didn’t appear to be any friction between the two Munjal families. However, things may have changed dramatically in recent times with growing interest in electric two-wheelers. With clear indications of things moving in favour of an all-electric ecosystem, Hero Electric is taking proactive steps to protect its turf.
      Hero Electric has approached Delhi High Court to prevent Hero MotoCorp from using the Hero brand name for its upcoming electric two-wheelers. This appears to be a pre-emptive move, as Hero MotoCorp has not indicated any plans to use the Hero nameplate for its upcoming electric two-wheelers. At least nothing has been revealed in public domain. However, as stakes are high, the fight over ‘Hero’ brand may intensify in future.
      Hero Electric Vs Hero MotoCorp
      While Hero MotoCorp is currently the largest two-wheeler manufacturer, Hero Electric has made significant gains. The latter currently leads in electric two-wheeler sales. One of Hero Electric’s USP is affordable pricing, which has helped boost sales. Moreover, Hero Electric has the first-mover advantage in electric two-wheeler segment.
      Hero Electric Scooter Dealer
      Ten years earlier, it may have been difficult to predict the dramatic shift to electric two-wheelers. As of now, one can easily visualize that the future will be an all-electric ecosystem. This may be one of the core reasons that may have revived the fight for use of ‘Hero’ brand.
      From Hero Electric’s perspective, they have the rights to use the brand for their electric vehicles. In case of Hero MotoCorp, it can be argued that the shift to electric is something beyond their control. Moreover, it is happening at national and global level and is linked to managing climate change. It would be unfair if they are not allowed to use the Hero brand for their upcoming electric two-wheelers.
      While Hero Electric has legal rights, the dramatic shift in industry ecosystem may warrant a review of the earlier agreement. It remains to be seen how the court takes a decision in this case. Both parties have refused to comment, as the matter is currently sub-judice.
      Hero MotoCorp has filed trademark for the name VIDA Electric
      Earlier, it was reported that Hero MotoCorp could launch its electric scooters and motorcycles under VIDA brand. The company is expected to launch its first electric two-wheeler in March 2022. Hero MotoCorp has partnered with Taiwan-based Gogoro to manufacture its electric two-wheelers. More

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      Hero MotoCorp Sales Dec 2021 – Splendor, Passion, Glamour, Destini

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      Image – Unseen AutoSales decline was visible both across scooters and motorcycles and in terms of domestic sales and exports
      The year has ended on a not so positive note where two wheeler sales are concerned with restricted customer movement, lower rural demand and higher fuel prices hampering the pace of recovery. Even as parts shortage continues to affect production, dealerships are grappling with high inventory.
      Hero MotoCorp Sales Dec 2021
      Hero MotoCorp has revealed their sales report for December 2021. De-growth can be seen across both scooter and motorcycle sales and in terms of domestic sales and exports. India’s largest manufacturer of motorcycles announced the overall sales of 3,94,773 units in the past month.
      This figure includes both domestic sales as well as exports. This was a de-growth of 11.75 percent over 4,47,335 units sold in December 2020. However, in terms of MoM sales, the company fared better with an increase of 12.99 percent over 3,49,393 units sold in November 2021.
      Motorcycle sales dipped 9.21 percent to 3,76,862 units in the past month, down from 4,15,099 units sold in December 2020. It was however, a MoM growth of 14.48 percent from 3,29,185 units sold in November 2021. Share percentage increased from 94.22 percent to 95.46 percent. In this segment, Hero sells Splendor, Passion, HF Deluxe, Glamour, Xtreme, Xpulse.
      Hero MotoCorp Sales Dec 2021 and YTD
      Scooter sales on the other had saw an even more significant decline by as much as 44.44 percent YoY to 17,911 units, down from 32,236 units sold in December 2020. MoM sale of scooters also dipped 11.37 percent over 20,208 units sold in November 2021 bringing down share to 4.54 percent from 5.78 percent held in November 2021. Hero scooters on sale are Pleasure, Destini, Maestro.
      YoY domestic sales and exports dipped 11.89 percent and 9.03 percent respectively to 3,74,485 units and 20,288 units. This was against 4,25,033 units and 22,302 units sold in India and in global markets respectively in December 2020. MoM total domestic sales and exports performed better with a 13.87 percent growth reported in terms of domestic sales from 3,28,862 units sold in November 2021 while exports dipped only marginally by 1.18 percent.
      Hero MotoCorp – YTD Sales
      Taking the period April to December 2021, de-growth was also reported across both motorcycle and scooter sales and in terms of domestic sales while exports increased significantly. In YTD FY22, a total of 37,55,266 units were sold, down 11.09 percent over 42,23,225 units sold in same period of previous year.
      Hero MotoCorp Monthly Sales 2021
      Motorcycle sales dipped 10.02 percent to 35,05,745 units, down from 38,96,089 units sold in YTD FY21 period while commanding a share of 93.36 percent. Scooter sales dipped 23.73 percent YTD to 2,49,521 units in FY22 period from 3,27,136 units sold in FY22 with a share of 6.64 percentage. Domestic sales suffered a de-growth of 13.79 percent to 35,37,640 units while exports surged 81.59 percent from 1,19,844 units shipped in FY21 to 2,17,626 units in the 9 months of FY22 period.
      Hero MotoCorp now gears up to enter the electric two wheeler segment with its first electric bike to launch in March this year. Production will take place at the company’s manufacturing facility at Chittoor in Andhra Pradesh. Hero MotoCorp has also announced an upward revision in prices of its motorcycles and scooters wef January 4, 2022. Though the exact price hike has not been notified as on date, it could be capped at up to Rs 2,000. More

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      Hero Sales Breakup Nov 2021 – Splendor, Deluxe, Maestro, Xpulse, Xtreme

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      Image – Unseen AutoHero MotoCorp Splendor commanded the domestic sales list while the Hunk was most in demand in global markets
      Hero MotoCorp has reported de-growth in terms of domestic sales while shipments surged 35.66 percent on a YoY basis. Total sales stood at 3,49,348 units in the past month. This included 3,28,817 units sold in domestic markets while 20,531 units were shipped globally.
      Sales dipped 42.91 percent YoY to 3,28,817 units down from 5,75,917 units sold in November 2020. It was also a 37.69 percent MoM de-growth from 5,27,723 units sold in October 2021. Everny model in the company lineup noted a YoY and MoM de-growth except for the Xpulse 200 that increased significantly on a YoY basis. The company cites many reasons for this negative impact, be it the delay in harvesting, late withdrawal of monsoons and lack luster demand across the festive season.
      Hero MotoCorp Sales Breakup Nov 2021 – Splendor Leads
      Hero Splendor was the most in demand with 1,92,490 units sold last month, down 22.51 percent over 2,4,398 units sold in November 2020. It was also a MoM de-growth of 28.13 percent from 2,67,8221 units sold in October 2020. Share increased from 50.75 percent to 58.54 percent MoM.
      At No. 2 was Hero HF Deluxe with a 57.56 percent YoY de-growth to 76,149 units, down from 1,79,426 units sold in November 2020. MoM sales also dipped in domestic markets by 53.66 percent over 1,64,311 units sold in October 2021. Hero Splendor was at No. 1 and HF Deluxe at No 4 on list of top 10 best selling best selling two wheelers in the last month.
      Hero MotoCorp Sales Breakup Nov 2021 vs Nov 2020 (YoY)
      At No. 3 in the company lineup was Hero Glamour with a 45.11 percent YoY de-growth to 21,901 units while MoM sales dipped 14.66 percent from 25,663 units sold in October 2021. Hero Passion (12,933 units) and Pleasure (11,136 units) also suffered de-growth in November 2021.
      Hero Maestro (5,290 units), Destini (3,264 units) and Xtreme 160R (3,251 units) also noted steep decline in YoY and MoM sales. Hero Xpulse 200 was the only model on the company charts to note a YoY growth of 67.86 percent to 2,303 units, up from 1,372 units sold in November 2020.
      Hero MotoCorp Exports – November 2021
      Shipments to global markets were more promising for Hero MotoCorp in the past month and in October, wherein growth was recorded at 35.66 percent and 1.68 percent respectively. Exports which had stood at 15,134 units in November 2020 increased to 20,531 units in November 2021 while it was also growth over 20,191 units exported in October 2021.
      Hero MotoCorp Sales Breakup Nov 2021 vs Oct 2021 (MoM)
      Hero Hunk found most demand in global markets to 9,070 units, up 134.61 units over 3,866 units exported in November 2020. It was also a 6.96 percent MoM growth from 8,480 units shipped in October 2021. Growth was also recorded for the HF Deluxe at 65.65 percent to 5,006 units, up from 3,022 units exported in November 2020 while MoM exports saw a marginal increase of 0.64 percent over 4,974 units shipped in October 2021.
      Even as Splendor exports dipped 24.62 percent to 3,120 units in the past month, Glamour exports increased 154.52 percent to 1,66 units, up from 653 units shipped in November 2020. Xpulse 200 (1,255 units), Maestro (338 units) and Destini 125 (80 units) YoY sales dipped even as MoM exports showed more promising results. No exports were reported either in October or November 2021 for the Pleasure, Xtreme 160/200, Duet, Achiever and Passion. More

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      Hero MotoCorp Price Increase Jan 2022 – Splendor, Passion, HF Deluxe, Destini

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      Image – Unseen AutoHero MotoCorp announces price revision of its two wheelers wef January 4, 2022
      Price hikes are inevitable. And for most auto manufacturers, an opportune time to make such an announcement happens to be the end of a calendar year. With a new manufacturing date on new model year production vehicles, each new year beckons the rise of purchase costs. A price hike announcement now is the first of several that are expected through each year.
      Today, Hero MotoCorp announced an upward revision in ex-showroom prices of its motorcycles and scooters. This is wef January 4, 2022. Price revision is capped at up to Rs. 2,000. Exact quantum of increase varies based on model, and market.
      Timely price revisions are introduced to partially offset the impact of steadily increasing commodity prices. Hero Motocorp will be increasing prices of all their scooters as well as motorcycles. The company currently offers Splendor, Passion, HF Deluxe, Glamour, Xtreme and Xpulse in the motorcycles range while Pleasure, Destini, Maestro are on offer in the scooters range.
      Hero MotoCorp sales
      Hero MotoCorp has for long enjoyed a coveted position at the top of the domestic sales chart. However this, coupled with limited exports meant Bajaj reported higher total sales in November 2021. So while Bajaj’s exports are stronger than domestic market sales, For Hero MotoCorp all that it is, is from the domestic market. Reputed as a leading mass market manufacturer in India, price hikes need to be thought out even more carefully.
      Hero MotoCorp FIrst electric scooter
      This is because segments that Hero MotoCorp excels in are highly price competitive. And even a small upward revision needs to be introduced after much consideration, and in a timely manner. In November 2021, Hero MotoCorp reported a steep sales decline. Total sales fell to below 3.5 lakh units YoY from just under 6 lakh units.
      Hero MotoCorp electric scooter
      Hero MotoCorp is hopeful that the last quarter of FY22 will be more fruitful based on current economic indicators. Apart from it’s strong grasp on the Indian two wheeler market, sooner or later one’s going to start looking forward to electric two-wheelers from the manufacturer.
      This is but a natural development considering future projection for electric vehicles. Keeping in mind the sheer number of two-wheelers sold each month in India, it’s no surprise that when the big electric wave comes through, it surely will be big.
      For now the e2W market is dominated by electric scooters. In fact, of the longstanding names in India, TVS and Bajaj already sell a single electric scooter already. No such product has yet been launched by Hero MotoCorp. Current electric vehicle progression is diversified, and sees Hero invest in R&D of tech and companies in the field. As far as Hero e2Ws are concerned, one can expect to catch a glimpse of an electric scooter from Hero before the end of the current financial year. More