2021 Hero Destini 125 Platinum Price
Hero sold a 57.91 lakh 2-wheelers in the 2020-21 fiscal year

Hero Electric Mobility solutions will be for both personal and mass transit

Hero MotoCorp has revealed that it is currently investing in electric mobility products apart from working on various electric vehicle (EV) programmes and platforms.

Chairman and CEO of Hero MotoCorp, Pawan Munjal, in the company’s Annual report for 2020-21, stated that the firm is leaving no stone unturned in preparing itself for the future.

Under its vision ‘Be The Future Of Mobility’, the country’s largest 2-wheeler maker wants to look beyond the traditional mobility space. Thus, it is investing in electric mobility products intended for both personal and mass transit.

Development of EVs is also fast-paced, said Munjal who claimed that Hero will achieve the target of producing 200 million vehicles within this decade.

The automaker, which crossed the 100 million production units milestone in January this year, states its 200 millionth vehicle may not be a 2-wheeler.

Hero Electric Mobility Solutions
Hero is exploring new business models and is identifying new revenue streams for charging infra

Speaking about Hero’s partnership with Gogoro Inc, the Taiwanese company with the world’s largest battery-swapping network, Munjal said the partnership with be key to the “propagation of electric vehicle charging technology and network, supporting the EV products in India, and across our global markets.”

Hero’s chairman also claimed that the brand’s relationship with Ather Energy (in which it holds 38 percent stake) is evolving into a partnership on multiple fronts and he added that this will “pave our way into being a market leader in the EV space.”

Regarding the partnership with Harley-Davidson, Pawan Munjal stated that the deal was an “important stepping stone in the road to ‘premiumisation'” of Hero. He noted that Hero is developing a range of premium products to be sold under both brands.

The company also wants to expand its global footprint and strengthen its focus on the premium 2-wheeler segment in Bangladesh, Nepal, Africa and Latin America.