Hero plans pan-India EV network

Two-wheeler maker seeks to expand sales and charging infra across India in four quarters, eyes profitability for business in 2 years

- Alisha Sachdev

Hero MotoCorp, India's largest two-wheeler maker expects it can build an exhaustive pan-India presence for its electric vehicles (EVs) over the next four quarters, a top company official told Mint on Wednesday. Niranjan Gupta, chief executive officer, Hero MotoCorp, said it expects its EV business to become independently viable within two years.

"We're expanding not just our (EV) product portfolio but also the infrastructure required to support it. You don't want to be in a position where customers buy a product but are left wondering where to charge it. That's why we've already installed over 3,000 charging stations with Ather and operate in more than 250 cities with close to 400 outlets", Gupta said, adding that his approach to EVs so far has been "measured" as the company also focuses on correcting its EVs cost structures.