logo
Vida VX2 launched at ₹59,490 with battery subscription, priced at ₹99,490 with battery

Vida VX2 launched at ₹59,490 with battery subscription, priced at ₹99,490 with battery

Hindustan Times2 days ago
Launched at ₹59,490, the Vida VX2 becomes the first product from the two wheeler maker to get battery as a service with a cost of 96 paise per km. Notify me
The electric vehicle division of Hero MotoCorp, Vida has launched its new entry level electric scooter- the Vida VX2. Launched at ₹ 59,490, with battery as a service, the new model expands the current Vida V2 lineup which consists of the V2, V2 Pro, V2 Lite and V2 Plus. Interestingly, the VX2 becomes the first offering from Vida to get battery as a service with a cost of 96 paise per km. The outright buying cost of the VX2 is ₹ 99,490, ex-showroom.
The VX2 Go is priced at ₹ 59,490 and the VX2 Plus is priced at ₹ 64,990 with the Battery-as-a-Service (BaaS) subscription model (two levels of trim). For battery ownership prices increase to ₹ 99,490 for the base VX2 Go and ₹ 1,09,990 for the top end VX2 Plus. All the prices are ex-showroom. This marks the first Vida model with battery subscription (with a pay-per-kilometre cost beginning at ₹ 0.96/km) in what is aimed at reducing the cost of ownership upfront.
Also Read : Ather Rizta S 3.7kWh variant launched at ₹ 1.37 lakh, offers 159 km claimed range Vida VX2: Design
The Vida VX2 sticks closely to the visual language of the earlier Vida Z, carrying forward its overall silhouette and signature LED tail-light. It rolls on 12-inch wheels, just like the current Vida V2 range, reinforcing design continuity across the lineup.
Few notable changes include a more practical, single-piece stepped seat. Altogether, the VX2 presents a cleaner, more functional design approach that aims to balance familiarity with everyday usability. Vida VX2: Specs and hardware
The Vida VX2 has a swappable battery pack, with performance varying between versions. The VX2 Go uses a 2.2 kWh pack and has a claimed 92 km range (IDC), while the VX2 Plus comes with a 3.4 kWh pack, with up to 142 km range. They both have fast-charging capability, charging the battery to 80 per cent in 60 minutes.
Also Read : Vida V2 gets a ₹ 32,000 price drop, becomes cheaper than TVS iQube, Bajaj Chetak
Practical and designed for functionality, the VX2 also has three charging options, giving flexibility both at home and on the move. The scooter rides on 12-inch wheels that Vida states are the widest in its class, designed to give improved grip and handling. Vida VX2: Features
The VX2 Plus has a 4.3-inch TFT screen, whereas the VX2 Go receives a 4.3-inch LCD with turn-by-turn capability supported by both. Smartphone integration with real-time ride tracking, remote immobilisation, and cloud-based security is also available on the scooters.
Users also benefit from Firmware Over-The-Air (FOTA) updates and access to Vida's public charging network, which includes over 3,600 charging points. The VX2 Go variant offers 33.2 litres of underseat storage, capable of holding a full-face helmet (when the battery is removed). Comfort is supported by a long, contoured seat designed for two passengers.
Check out Upcoming EV Cars in India, Upcoming EV Bikes in India.
First Published Date: 01 Jul 2025, 18:55 PM IST
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide?
All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide?

Mint

time11 hours ago

  • Mint

All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide?

Next Story Ashish Agrawal The company recently launched its first electric two-wheeler under the battery-as-a-service model, but intense competition and persistent losses in the segment mean it could take years just to break even. The E2W business remains challenging for Hero Motocorp. Photo: Bloomberg Gift this article Hero MotoCorp Ltd's launch of its first electric two-wheeler (E2W) under the battery-as-a-service (BaaS) model will significantly reduce the entry barrier for the segment and perhaps help expand the market. The BaaS model offers a substantial drop in the purchase cost and variable charges based on the customer's actual usage. Yet, with the intense competition and persistent losses in the E2W segment, it could take the company a few years just to break even. Hero MotoCorp Ltd's launch of its first electric two-wheeler (E2W) under the battery-as-a-service (BaaS) model will significantly reduce the entry barrier for the segment and perhaps help expand the market. The BaaS model offers a substantial drop in the purchase cost and variable charges based on the customer's actual usage. Yet, with the intense competition and persistent losses in the E2W segment, it could take the company a few years just to break even. At ₹ 59,490 (ex-showroom), the base model Vida VX2 Go is 40% cheaper than the same model without BaaS, along with running charges of ₹ 0.96 per km. The strategy has greater significance for Hero because of its higher share in the entry-level market. 'We see the VX2 as a strategic move by Hero to build scale in India's mass 2W electric vehicle segment by blending affordability, functional utility, and Hero's expanding charging network (3,600+ points)," said Nomura Global Markets Research in a 1 July report. Nomura's analysts, however, said that hadn't yet seen general consumers in India warming up to BaaS, adding: 'Hence, we will keenly observe the response as this product holds promise." The company could be taking cues from the traction generated by the first electric four-wheeler based on BaaS model launched in September, which achieved sales of 20,000 units in six months. Margin challenges Yet, the E2W business remains challenging. The company's E2W Ebitda margin in FY25 was negative 95%, albeit much better than FY24's negative 155% margin, management said in the March-quarter earnings call. It needs a monthly run rate of 25,000-30,000 units to break even, against the current average of 7,000-8,000. The company aims to double this by March 2026, and increase its market share to 12-15% from 7% in March 2025. Hero has also filed for production-linked incentives (PLI) for Vida V2 Pro and expects to receive approval this month. Meanwhile, Hero recorded 10% growth in overall sales to 554,000 units in June. This marks a smart reversal from the 21% drop seen in the first two months of FY26. The revival in June was led by exports, which rose 140%, though they account for just about 5% of the total. Yet, June quarter (Q1FY26) volumes declined by 11% to 1.37 million units, dragged down by the performance in the first two months. While the two-wheeler market remains strong thanks to strong rural demand, Hero continues to lose market share. In the eight quarters to Q4FY25, its market share declined by about 910 basis points (bps) to 41.5% in motorcycles and 620 bps to 28% in two-wheelers. However, volumes may increase with the 100 bps reduction in the repo rate, which reduces the cost of financing. Note that about 63% of FY25 sales were through financing. Rich valuation despite correction To be sure, the company's declining market share has weighed in investor sentiment. Hero's shares are down about 23% over the past year vis-à-vis a drop of 4% in the Nifty Auto index. Despite the correction, the stock's valuation of 17 times estimated FY26 earnings, as per Bloomberg consensus, is higher than the long-term average of about 15. Market-share gains are crucial for the stock's trajectory. However, subdued performance in the 110-cc motorcycle segment, where Hero has a strong presence, and intense competition in the 125-cc motorcycles segment could curtail the company's market-share gains in the coming years. Also, the launches of premium models are expected to increase its market share by only 200-300 bps (its current share is 2%) with weak brand positioning versus the competition, according to a Kotak Institutional Equities report. Topics You May Be Interested In Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Hero tops two-wheeler sales, Honda sees double-digit dip: How others performed
Hero tops two-wheeler sales, Honda sees double-digit dip: How others performed

Time of India

time14 hours ago

  • Time of India

Hero tops two-wheeler sales, Honda sees double-digit dip: How others performed

Two-wheeler sales June 2025. India's two-wheeler market in June 2025 saw mixed results, with different brands performing differently. Hero MotoCorp stayed on top, keeping its lead in sales. Honda, however, saw a significant decline in sales but held onto its second position. On the other hand, TVS Motor Company, Royal Enfield, and Suzuki all reported good growth during the month. Here's a quick look at the figures. Two-wheeler sales June 2025: Sales figures Hero MotoCorp, the world's largest two-wheeler manufacturer, registered strong growth last month. The company dispatched a total of 5,53,963 units in June 2025, marking a 10% year-on-year increase. Domestic sales contributed 5,25,136 units, while exports accounted for 28,827 units. Its EV arm, VIDA, continued to grow steadily with 7,178 units dispatched and 7,665 units registered under VAHAN. In contrast, Honda Motorcycle & Scooter India posted a significant decline. Total sales stood at 4,29,147 units, with domestic numbers falling by 19.43% to 3,88,812 units, down from 4,82,597 units in June 2024. Exports, however, held up at 40,335 units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2만원의 기부팔찌로 첫 후원하기 굿네이버스 더 알아보기 Undo TVS Motor Company had a strong showing in June. Its total two-wheeler sales climbed to 3,85,698 units, up by 20% from 3,22,168 units in June 2024. Domestic sales rose by 10% to 2,81,012 units, while motorcycles and scooters grew by 24% and 26% respectively. However, EV sales dropped to 14,400 units from 15,859 units a year ago. Royal Enfield Classic 650 Review: An Icon Just Got Bigger! | TOI Auto Bajaj Auto reported a substantial decline in overall two-wheeler sales as domestic sales fell by 16% to 1,49,317 units, though exports saw an 18% rise, reaching 1,49,167 units. Next up, Suzuki Motorcycle India recorded positive growth with 95,244 units sold in June 2025, up 8% year-on-year. Domestic sales rose by 4% to 73,934 units, and exports jumped 24% to 21,310 units. Royal Enfield also had a strong month, registering a 22% growth with 89,540 motorcycles sold. Exports surged by 79%, reaching 12,583 units, compared to 7,024 units shipped in the same month last year. Discover everything about the automotive world at Times of India .

Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 10 July expiry
Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 10 July expiry

Mint

time15 hours ago

  • Mint

Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 10 July expiry

The Indian stock market recovered from previous session's losses to trade higher on Thursday, despite a mixed trend in global markets. The benchmark indices, Sensex and Nifty 50, gained nearly half a percent each, resuming the upward trend. Gains in heavyweights like Reliance Industries, Hero MotoCorp, ONGC, M&M, Asian Paints, Maruti Suzuki, Tata Motors, among others lifted the benchmark Nifty 50 above 25,500 level. In the previous session, Nifty 50 dropped 88.40 points, or 0.35%, to 25,453.40, forming a narrow-bodied candle, suggesting consolidation. Nifty 50 slipped by 0.8% on Wednesday, accompanied by a drop of 2.8% in open interest (OI), indicating unwinding of the long position. Bank Nifty saw 0.6% cut in price alongside a 0.5% downtick in open interest, suggesting long positions were unwound. The highest Nifty Open Interest on the Call side is at the 25,600 strike, followed by 25,500 and 25,700, which could act as resistance levels. On the Put side, the highest Nifty OI is at 25,400, followed by 25,500 and 25,200, which may serve as support levels, according to Axis Securities. The premium for the At-the-Money option is ₹ 374, indicating a likely trading range for the week between 24,900 and 25,900. Axis Securities has suggested a Bull Call Spread strategy for Nifty options contracts expiring on 10 July 2025, reflecting a moderately bullish outlook. A bull call spread strategy involves buying a call option with a strike price slightly below the current market price of the underlying asset, which is Nifty 50, and simultaneously selling another call option with a higher strike price (out-of-the-money), both with the same expiration date. This strategy is applied when the outlook is moderately bullish. Buy Nifty 1 lot 25,450 Call at ₹ 175 - 185 Sell Nifty 1 lot 25,650 Call at ₹ 90 - 110 The strategy involves buying one lot of the 25,450 strike Call Option and simultaneously selling one lot of the 25,650 strike Call Option, Axis Securities said. According to analysts at Axis Securities, the potential maximum risk for this strategy is ₹ 5,850, whereas the potential maximum reward is ₹ 9,150. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' said the brokerage firm. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store