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Home Technical Articles Electric scooters are next big focus for Hero Motocorp

Electric scooters are next big focus for Hero Motocorp

Electric scooters are next big focus for Hero Motocorp

After the ‘limited
launch’ of its mass market e-scooter Flash, electric vehicle major Hero
Electric is planning to launch a series of electric scooters to carve out a
piece of the currently rapidly growing petrol scooter market for itself. The
company is all set to roll out at least two new products every year for the
next couple of years including 2017 and has just tied up a powertrain
partnership with Bosch to offer better technology and higher speed in its
product lineup. India’s e-two wheeler market, all set to double from 24,000
units to 45,000 units this year thanks to the government’s FAME 2 initiative
and the GST roll-out, will see new opportunities where e-scooters can pitch
themselves against their traditional petrol versions said company CEO
Sohinder Gill
. “For the time being we will focus only on scooters because
petrol scooters are growing really well and we want to get a piece of that
market for our e-scooters,” said Gill

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

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