Hero will now enter the market of electric vehicles, ready to launch its first product

The share of electric vehicles is increasing rapidly in the country and the world. Even big companies making vehicles on conventional fuel are now continuously launching electric vehicles. Apart from electric cars, electric tricycles and vehicles are being preferred by the people. Apart from e-scooters, companies are also launching electric motorcycles. In this sequence, today Hero MotoCorp has made a big announcement.

The country's largest two-wheeler company Hero MotoCorp is preparing to introduce its first electric vehicle (EV) in the domestic market next month. Along with this, the company will also enter the electric vehicle market.

The company has given information about a program under its Vida brand on October 7, 2022, in the information given to the stock exchanges. Dealers, investors and global distributors have been invited to the company's event in Jaipur, Rajasthan. According to industry sources, the company will present its first EV product at this event.

Hero MotoCorp said in March this year that it has created a $100 million (about Rs 760 crore) global fund to help over 10,000 entrepreneurs on environmental, social and governance (ESG) solutions, including their electric vehicles. Hero MotoCorp is planning to introduce emerging transport solutions under its Vida brand. (with language input)

Get the latest more news updates about Automobiles