Bear in mind again in 2022, when Hero MotoCorp invested a moderately serious-sounding $60M into electrical motorbike maker Zero Bikes?
Issues had been fairly quiet for a while after that, till January of this yr. That is when Zero and Hero gave a small glimpse at what they have been engaged on all this time, and indicated that we may see the primary fruits of their joint efforts within the close to future.
Quick-forward to November, and there is a little extra information to report on this entrance. For these excited by motorbike gross sales and monetary experiences, it is quarterly report time for a lot of firms, and it is on Hero’s most up-to-date earnings name that we received one other replace.
In a name that passed off on November 15, Hero’s CEO, Niranjan Gupta, confirmed that the primary bike from the partnership might be within the middleweight phase. And moreover, that its growth is in an “superior stage.”
Whereas a full timeline is not accessible simply but, the present expectation is that it ought to hit someday in FY 2026. These might be a part of Hero’s premium motorbike portfolio.
Hero MotoCorp has its current Vida EV scooter line, however middleweight EV bikes similar to what’s in growth with Zero ought to slot neatly into competitors in opposition to a few of India’s different extra performance-oriented EV motorbike choices. Consider the Ultraviolette F77, or the Revolt RV400 lineup.
Presently, it is not clear whether or not Hero has plans to launch these bikes outdoors of India, or to maintain them throughout the Indian market. Notably, competing EV startup Ultraviolette has been very open about its needs to carry its machines to markets in Europe and past, and it lately licensed the F77 for impending EU launch.
May this be a path that we see this Hero and Zero collaboration observe sooner or later? We’ll be sure you preserve you posted.
