One of the world’s largest two-wheeler manufacturers, Hero MotoCorp, announced its EV launch in March 2022. As part of its “Be the Future of Mobility” vision, the company promises to introduce sustainable mobility solutions for customers. Therefore, Hero MotoCorp has decided to accelerate the production of EVs to enhance its existing global portfolio. Currently, in its advanced stages, Hero MotoCorp announced the manufacturing of its EV project at its plant in Chittoor, Andhra Pradesh.
Known as the ‘Garden Factory’, the plant utilizes eco-friendly and sustainable manufacturing practices to create an integrated ecosystem. This ecosystem aids in the manufacturing and testing of battery packs, Vehicle Assembly, and Vehicle End of Line Testing (EOL). Hero MotoCorp also released its highlights between July-September 2021, such as Product Launches, Global Operations, and Milestones and Sales Milestone. Additionally, the brand conducted CSR initiatives, Ride for Real Heroes, Motosport events, and expanding ‘Harley-Davidson’.
2022 Hero Motor e-scooter: Detailed HighlightsÂ
Revealed in August 2021, the brand’s upcoming e-scooter featured an aerodynamic front-end along with an integrated LED headlamp. The electric scooter also sported front telescopic suspension, a large footboard, a flat seat, under-seat storage, and upright handlebars. With an ergonomic design aimed towards the comfort of the rider and pillion, the e-scooter will likely feature connected technology. Along with a digital instrument cluster, Hero MotoCorp plans to offer a powertrain borrowed from Bangalore-based EV manufacturer Ather.
Hero MotoCorp’s new e-scooter may sport the 6KW Permanent Magnet Synchronous Motor and 2.9 kWh lithium-ion battery pack. Originally featured on the Ather 450X, the motor produces 26 Nm of instantaneous torque. At the brand’s virtual event, Company CEO Dr Pawan Munjal teased the e-scooter by stating that it’s development to be in-house. The brand produced the e-scooter at the Hero Global Centre of Innovation and Technology, also known as “CIT”. Additionally, engineers from the Hero Tech Center located in Munich, Germany, also worked on the e-scooter.
Hero MotoCorp’s Q2 FY2022 financial report:
Between July and September 2021, the company sold an overall 14.38 lakh units with INR 8,453 Crore of total revenue. The brand showcased a 2nd quarter EBIDTA margin of 12.6% and a net profit of INR 794 crore. Hero MotoCorp’s consolidated revenue stands at INR 8,539 crore with a net profit of INR 748 crore in Q2.
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