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HomeAutoTwo-Wheeler Sales May 2022: Hero MotoCorp Sells 4.87 Lakh Units; New EV...

Two-Wheeler Sales May 2022: Hero MotoCorp Sells 4.87 Lakh Units; New EV Under Vida Brand Delayed


The greatest information popping out of Hero MotoCorp is its first electrical two-wheeler underneath the Vida could be launched in the course of the festive season as a substitute of the July as earlier introduced.


The new EV brand from Hero, 'Vida', has been delayed, with launch now scheduled for festive season
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The new EV model from Hero, ‘Vida’, has been delayed, with launch now scheduled for festive season

Hero MotoCorp offered 4,86,704 items in May 2022, as in comparison with 1,83,044 items offered in the course of the May 2021 interval, recording a progress of 165.89 per cent. The volumes within the month of May point out the enhancing client sentiment. The firm expects the constructive pattern to proceed within the coming months, on the again of a traditional monsoon, first rate Rabi harvest, and continued authorities coverage assist. But the largest information popping out of the corporate is that its first electrical two-wheeler underneath the Vida could be launched in the course of the festive season as a substitute of the July 2022 as earlier introduced. The firm blames provide chain points and lack of assorted elements, together with semiconductors as causes for the delay.

Also Read: Hero MotoCorp Announces New EV Brand ‘Vida’

Swadesh Srivastava, Head of Emerging Mobility Business Unit (EMBU) mentioned, “The ongoing geopolitical situation has resulted in enormous supply chain issues and shortage of various components, including semiconductors. Keeping customers as the top-most priority, we feel it would be prudent to unveil the first EV product around the upcoming festive period instead of July as earlier announced. We are accordingly gearing up for the launch of Vida – Powered by Hero – in the festive season.”

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Pawan Munjal unveils Vida model

Also Read: Two-Wheeler Sales April 2022: Hero MotoCorp Sales Register 12 Per Cent Growth

Vikram Kasbekar, Executive Director, Hero MotoCorp, mentioned, “We welcome the recent decision of the government to reduce the central excise duty on petrol and diesel, which has substantially brought down the fuel costs, thereby providing much-needed relief to motorcycle and scooter users in the country.  We also welcome the steps taken to cut duties on iron and steel inputs, which should help in softening steel prices in the domestic market.”

Also Read: Hero MotoCorp’s This fall FY2022 Profit Drops 28% At ₹ 627 Crore

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In the month of May, Hero MotoCorp launched the brand new Hero Splendor+ XTEC. In addition, Hero MotoCorp handed over 20 two-wheelers to the District Administration of Jaipur to assist native authorities.

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