Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh
2 years, 2 months ago

Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh

Hindustan Times  

Motorcycle maker Hero MotoCorp launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the country's clean mobility push. Like many legacy automakers in India, Hero Motocorp has been a laggard in electric two-wheelers, where start-ups such as Ather Energy and Softbank Group-backed Ola Electric have gained first-mover advantage. Electric vehicles account for 2% of total two-wheeler sales in India, but sales are accelerating as people move away from gasoline scooters in the face of rising fuel prices. Hero MotoCorp said in January that it would invest 4.2 billion rupees in electric vehicle start-up Ather Energy in an effort to expand in the green mobility sector.

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