Hero MotoCorp to launch two new affordable EVs in July

A new affordable electric 2-wheeler is being developed under the ACPD project.

According to a media report, Hero MotoCorp is planning to launch two new affordable electric 2-wheelers in July.

With the launch of the low-cost EVs, Hero aims to scale up its production volume, which currently stands at 7,000 units per month. It would also help increase the company’s market share in the electric 2-wheeler segment.

While the exact details of the new affordable electric 2-wheeler are still under wraps, reports suggest that the new model is being developed under the ACPD project. It aims to bring down the cost of electric scooters so as to compete with other ICE scooters.

According to estimates, the new products will boost production volume to around 13,000-15,000 units per month. Eventually, the company aims to scale it up to 20,000 units by this festive season.

Source: Autocar India