Latest news with #Premia
Hindustan Times
12 hours ago
- Automotive
- Hindustan Times
Vida Z based VX-2 electric scooter teased for the first time
Hero is reportedly working on two new and more affordable versions of its Vida product range. Check Offers Hero MotoCorp, Vida have released the first teaser for their upcoming electric scooter on their social media channels. Images of the new electric scooter were leaked online earlier. The launch of the new electric scooter is slated to happen on July 1. The VX2 is expected to be positioned below the V2 in the portfolio. The scooter that was spotted earlier had a smaller TFT display and the switchgear is shared with the V2. However, there is a physical keyhole that hints towards, the VX2 being a more budget-oriented electric scooter. The V2 is offered in three battery pack options, and the VX2, which was also spotted, also boasted a 'Plus' suffix, hinting towards multiple variants being on offer. The leaked image also revealed that the alloy wheels of the new electric scooter will be shared with the V2. The Vida V2 consists of three variants right now. There is V2 Lite, V2 Plus, and V2 Pro. Emphasis on Affordability Hero MotoCorp is reportedly developing a new electric vehicle platform called ACPD, designed to bring down production costs. While the specifics of the upcoming models are still under wraps, this initiative aims to make electric scooters more competitively priced—potentially aligning them with traditional internal combustion engine (ICE) models. Currently, Hero manufactures approximately 7,000 electric scooters monthly. With the introduction of the new models based on the ACPD platform, this figure is expected to more than double, reaching up to 15,000 units per month. Also Read : Hero HF 100 receives OBD-2B compliance, priced at ₹ 60,118 Strengthening the Dealer Network To support its growing EV ambitions, Hero continues to aggressively expand its Vida brand's retail footprint. The company now boasts 203 Vida outlets, which include 180 full-fledged dealerships spread across 116 cities. This expansion is aimed at enhancing customer accessibility and offering reliable after-sales service across more urban and semi-urban locations. Also Read : Hero XPulse 210 deliveries begin from new Premia dealerships Sharp Rise in FY2025 Sales Hero's push into the EV space is already bearing fruit. In FY2025, the company sold 48,673 electric two-wheelers—a significant 175% increase compared to the 17,720 units sold in FY2024. This growth reflects rising consumer interest in the Vida range, which competes against major players like Ola Electric, Ather Energy, Bajaj, TVS, and Ampere. The current Vida V2 lineup is priced between ₹ 74,000 and ₹ 1.15 lakh (ex-showroom). A recent price revision has positioned the entry-level model more competitively, undercutting several key rivals in the segment. Check out Upcoming EV Bikes in India. First Published Date: 05 Jun 2025, 10:42 AM IST
Business Standard
3 days ago
- Automotive
- Business Standard
Hero MotoCorp dispatches 5.08 lakh motorcycle and scooter units in May 2025
Hero MotoCorp said that it has dispatched 507,701 units of motorcycles and scooters during May 2025, which is higher 1.92% as compared with the dispatch figure of 498,123 units recorded in May 2024. Motorcycle sales aggregated to 4,75,164 units (up 0.84% YoY) and Scooter sales added up to 32,537 units (up 20.8% YoY) in May 2025. While domestic sales rose by 2% YoY to 488,997 units, exports increased by 0.2% YoY to 18,704 units in May 2025. The company continued its strong market momentum in the month with 5 lakh VAHAN registrations, underlining a sustained customer preference and demand. The company continued to gain retail market share in May 2025, aided by the positive response for its new products across the motorcycle and scooter categories. VIDA, powered by Hero MotoCorp, continued to deliver growth with dispatches of 8,361 units and 7,161 VAHAN registrations for the VIDA V2 electric scooter range. VIDA achieved a VAHAN market share of 7.2% indicating sustained progress. Hero MotoCorp's global retail performance also showed robust momentum, particularly in Bangladesh and Colombia. Exports maintained a steady trajectory, with growth anticipated in the near future underscoring increasing demand for the company's offerings in key geographies. The company continued its strategic expansion in the premium segment by further expanding the Premia outlets, its premium retail network, reaching over 100 locations across the country. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters, with a global footprint spanning 48 countries across Asia, Africa and Latin America. It has collaborations with Harley-Davidson and Zero Motorcycles and strategic investments in Ather Energy and Euler Motors. The companys standalone net profit increased 6.39% to Rs 1,080.94 crore on a 4.41% jump in revenue from operations to Rs 9,938.65 crore in Q4 FY25 over Q4 FY24. The scrip slipped 2.27% to currently trade at Rs 4209 on the BSE.
NDTV
3 days ago
- Automotive
- NDTV
Hero MotoCorp Paints Upward Trajectory, Dispatches 5.08 Lakh Units In May
Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, dispatched 5.08 lakh motorcycles and scooters during May 2025, achieving both sequential and annual growth. The company continued its strong market momentum in the month with 5 lakh VAHAN* registrations, underlining a sustained customer preference and demand. The company continued to gain retail market share in May 2025, aided by the positive response for its new products across the motorcycle and scooter categories. VIDA, powered by Hero MotoCorp, continued to deliver growth with dispatches of 8361 units and 7161 VAHAN registrations for the VIDA V2 electric scooter range. VIDA achieved a VAHAN market share of 7.2% indicating sustained progress. VIDA is set to electrify the market with a new product launch on July 1, 2025. Hero MotoCorp's global retail performance also showed robust momentum, particularly in Bangladesh and Colombia. Exports maintained a steady trajectory, with growth anticipated in the near future underscoring increasing demand for the company's offerings in key geographies. The company continued its strategic expansion in the premium segment by further expanding the Premia outlets, its premium retail network, reaching over 100 locations across the country. In May, VIDA launched the 'Charging Simple Hai' campaign during the ongoing IPL season. Showcasing its removable battery technology with the message "Every plug point is a VIDA charging point", the campaign highlights the ease of charging VIDA's batteries using any standard 5-amp socket - making electric mobility truly convenient and accessible. Hero MotoSports Team Rally is further strengthened by the addition of Austrian talent Tobias Ebster. The team showcased a commendable performance at the South African Safari Rally, with Ignacio "Nacho" Cornejo securing a solid 6th place. Despite a fall, FIM world champion Ross Branch demonstrated resilience and finished in an impressive 11th position.
India Today
4 days ago
- Automotive
- India Today
Hero dispatches 5.08 lakh motorcycles and scooters in May 2025
Hero MotoCorp reported dispatches of 508,000 units in May 2025, reflecting both sequential and year-on-year growth. The company achieved 500,000 Vahan registrations (excluding Telangana).The company's retail market share grew, driven by positive responses to new products in both the motorcycle (475,164 units) and scooter (32,537 units) categories. Hero MotoCorp's electric vehicle brand, VIDA, saw significant traction with 8,361 units dispatched and 7,161 Vahan registrations for the VIDA V2 range, securing a 7.2% market share in the electric segment. VIDA is poised for further growth with a new product launch scheduled for July 1, Globally, Hero MotoCorp maintained robust momentum, particularly in Bangladesh and Colombia, with exports holding steady at 18,704 units. The company also expanded its premium retail network, Premia, to over 100 locations across India, strengthening its presence in the premium marketing, VIDA's 'Charging Simple Hai' campaign, launched during the IPL season, highlighted the convenience of its removable battery technology, which allows charging from any standard 5-amp socket. On the motorsport front, Hero MotoSports Team Rally added Austrian rider Tobias Ebster to its roster. The team performed strongly at the South African Safari Rally, with Ignacio Cornejo finishing 6th and FIM world champion Ross Branch securing 11th despite a to Auto Today Magazine
Business Upturn
4 days ago
- Automotive
- Business Upturn
Hero MotoCorp shares fall over 2% after May dispatches miss estimates
By Aditya Bhagchandani Published on June 2, 2025, 10:14 IST Shares of Hero MotoCorp declined 2.02% to ₹4,222.10 in early trade on Monday, June 2, after the company reported modest growth in its monthly dispatches for May 2025, which fell short of market estimates. The stock opened lower and continued to slide, tracking investor sentiment over the automaker's lukewarm performance across segments. According to the company's press release dated June 1, Hero MotoCorp dispatched 5.08 lakh motorcycles and scooters during May 2025, reflecting a slight increase from 4.98 lakh units in May 2024. However, growth was limited to just 1.9% on a year-on-year basis, indicating low single-digit expansion across the board. Motorcycle sales stood at 4.75 lakh units in May 2025, compared to 4.71 lakh units in the same period last year. Scooter sales were at 32,537 units, up from 26,937 units last year. While the electric two-wheeler arm VIDA posted dispatches of 8,361 units, overall numbers fell short of bullish projections, particularly given the ongoing IPL-driven campaign and the upcoming VIDA V2 launch. Market participants noted that the company's domestic dispatches, which form the bulk of sales, were at 4.88 lakh units—just 1.9% higher YoY—while exports grew marginally to 18,704 units. Analysts cited this subdued growth as a factor behind the stock's underperformance in today's session. The company, however, highlighted ongoing premium segment expansion through its Premia outlets and new product momentum in domestic and global markets. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
