India’s largest two-wheeler maker Hero MotoCorp is eyeing leadership position in the electric two-wheeler segment globally, as per its annual report for 2021-22.
Hero MotoCorp, which currently leads the traditional two-wheeler segment globally in terms of volumes, is looking to foray into the electric segment in the upcoming festive season.
As Hero had last year cross the 100 million cumulative production milestone since its inception in 1984.
Hero MotoCorp had achieve its first one million cumulative production milestone in 1994 and went on to cross 50 million units in 2013 and 75 million units in 2017.
Chairman and CEO Pawan Munjal inform shareholders :
“This year will see Hero MotoCorp claim its position in the exciting clean mobility space in a bold avatar. Hero MotoCorp will transform its leadership in the internal combustion engine (ICE) market into the electric vehicle space – globally!”.
Pawan Munjal note that the company is gear up for the next decade.
Pawan Munjal Said :
“As we have our eyes on the production of the next 100 million by the end of 2030, we are taking strides towards sustainability and electrification with a single-minded determination to Be the Future of Mobility,”.
In line with company’s vision to lead the migration to the future of mobility, it has unveile Vida as its new brand identity for emerging mobility solutions.
Pawan Munjal Said :
“By Vida, which means ‘life’, we will not only revolutionise the electric mobility space, but will also ensure a cleaner, greener and better future for generations to come,”.
Pawan Munjal note that with Taiwan’s Gogoro, it will bring the largest battery-swapping network to India.
Chairman and CEO Pawan Munjal Said :
“We are also in discussions with Bharat Petroleum to set up battery charging infrastructure for EVs across the country,”.
With the investment in Ather Energy, starting from 2016, the Hero MotoCorp is also accelerating its electric journey and bringing sustainable mobility solutions that deliver value to stakeholders, as per Pawan Munjal.
Elaborating on other initiatives, Pawan Munjal said the company is focussing on digital initiatives to push sales.
Pawan Munjal Said :
“The company has launched a sales and aftersales services platform on [WhatsApp](https://gadgets360.com/tags/whatsapp). Going forward, we expect 30 percent of our sales to be generated from digital channels,”.
To offset the adverse impact, Hero MotoCorp focus on expanding exports, optimising costs, prioritising projects, improving internal processes and re-evaluating options, Pawan Munjal said.
Hero MotoCorp report total income of Rs. 29,802 crore in FY 2021-22.
