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Hero Eyes 6x EV Sales Leap to Turn Profitable by 2027
Mint Hyderabad
|May 15, 2025
Hero recorded a 175% rise in sales of its electric Vida scooters to reach 48,674 units during the year, as per Fada data
Hero MotoCorp is eyeing a more than a six-fold jump in the number of electric vehicles it sells in a month, as it looks to achieve profitability in its EV business by 2027, a top company official said on Wednesday.
India's largest two-wheeler maker, which sold about 4,000 electric scooters a month on average in FY25, wants to achieve monthly sales of 25,000-30,000 units as it scales up the business amid intense competition with market leaders Ola Electric Mobility Ltd, TVS Motor Company Ltd and Bajaj Auto Ltd.
This story is from the May 15, 2025 edition of Mint Hyderabad.
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