Hero MotoCorp’s Vikram Kasbekar Expects Record Year For Auto Industry, Says Company Prepared For Supply Chain Challenges

Mumbai: At the CII VLFM 2026 event, Hero MotoCorp's Executive Director Vikram Kasbekar addressed the future of India's automobile industry. Kasbekar highlighted the potential for a record year, driven by improving demand and manufacturers' efforts to overcome supply constraints. The discussion encompassed Hero MotoCorp's electric mobility business, VIDA, the impact of geopolitical uncertainties on costs and supply chains, and the need to bolster domestic manufacturing.

The company reported a 12% year-over-year growth in September, with total sales reaching 7.66 lakh units. Regarding supply chain pressures, Kasbekar noted that while geopolitical tensions pose challenges, the company is well-prepared to handle potential uncertainties. Hero MotoCorp is investing in its electric mobility business, VIDA, which has achieved a 10% market share.

Kasbekar underlined the importance of developing in-house research, development, and manufacturing capabilities, particularly to strengthen India's position in technology and innovation. The company's emphasis on intellectual property development is crucial for designing and innovating products. Kasbekar also highlighted India's growing exports, underscoring the global competitiveness of its automobile manufacturers.

Looking ahead, Kasbekar did not disclose specific future plans but reiterated the company's focus on the industry's future.