Hero MotoCorp Limited — Updates, 04-12-2024: Press Release

Hero MotoCorp has launched the VIDA V2 series, introducing three electric scooter variants—V2 Lite priced at ₹96,000, V2 Plus at ₹115,000, and V2 Pro at ₹135,000—targeting the mass segment under ₹1 lakh. Key features include removable batteries to enhance convenience and an IDC range of up to 165 km per charge. The scooters offer rapid acceleration from 0-40 km/h in just 2.9 seconds, a top speed of 90 km/h, and a comprehensive ecosystem of over 3,100 fast-charging stations and 500 service centres across India. With advanced technology like a 7-inch TFT touchscreen, keyless entry, and a robust warranty of 5 years or 50,000 km for the scooter and 3 years or 30,000 km for the battery, the VIDA V2 series reinforces Hero's commitment to eco-friendly mobility, positioning itself for significant growth in the electric vehicle segment. Investors should view this launch as a positive development with potential for market expansion.