Hero MotoCorp To Debut Maiden Electric Motorcycle Next Year
Auto giant Hero MotoCorp is all set to unveil its first batch of electric motorcycles next year. While the company…
Hero MotoCorp is set to unveil its inaugural electric motorcycles next year, marking its entry into the burgeoning e-bike market. In response to a query during the company's Q1 FY27 earnings call, Kausalya Nandakumar, the chief business officer of the emerging mobility business unit, revealed that the products will debut in the subsequent year.
The two electric motorcycles planned for launch are code-named Project Ubex and VXZ. Project Ubex aims to cater to urban mobility needs, offering high performance and city-friendly characteristics. On the other hand, the VXZ model, developed in collaboration with US-based Zero Motorcycles, is geared towards adventure-seeking consumers.
These launches coincide with the Delhi government's proposed ban on internal combustion engine (ICE) two-wheelers from April 2028. This move by Hero MotoCorp is a first for the legacy giant, as it ventures into the e-bike segment while simultaneously developing technology. The current E2W market is dominated by e-scooters, with motorcycles representing a minor portion.
Despite challenges like engineering hurdles, high purchase prices, and low resale value, the entry of Hero MotoCorp and the introduction of new electric bikes could heighten competition and attract mainstream ICE consumers. India's EV market is projected to reach a $132 billion opportunity by 2030, underscoring the significance of this development.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
