GaadiWaadi –
The growth plan of Hero MotoCorp in FY27 revolves around its sub-brand Vida’s EVs, Xoom scooters and upcoming premium bikes
Tripling electric scooter production, doubling Xoom capacity and preparing more than a dozen new launches are now part of Hero MotoCorp’s next expansion phase. After recording notable gains during FY26, the country largest two wheeler manufacturer expects another year of double digit growth with scooters, EVs and premium motorcycles.
For years, Hero’s growth relied on commuter motorcycles but the company’s product versatility is now changing towards higher value categories. Scooters are becoming increasingly important within this transition and Hero has already expanded manufacturing capability for the Xoom lineup while work on increasing Destiny production is nearing completion.
Hero is rapidly scaling production of its Vida range of e-scooters and expects manufacturing output to nearly triple before the end of calendar year 2026. The brand also believes electric scooters could account for more than half of its total scooter volumes by 2030 as adoption increases gradually across Indian cities and smaller towns.
Also Read: Hero Records 5.58 Lakh Units, Vida’s Market Share Expands Three Fold
Contrary to attempting extremely rapid nationwide EV expansion immediately, Hero is focusing on a more region specific rollout. Retail and service operations for Vida are being expanded market by market while localisation levels and supply chain integration are also being improved simultaneously. The company is preparing more than 12 new products in the current FY
It will look to bring in new offerings in both electric and petrol powered two-wheeler categories. Premium motorcycles and 125 cc plus models are expected to contribute a larger share of overall sales than before as customer preferences gradually move towards more feature rich and performance oriented products.
Also Read: Hero vs Honda Battle Continues: FY26 Gap Grows But Not By Much
Hero MotoCorp sold nearly 55 lakh motorcycles and over 5.7 lakh scooters in the last financial year. Rural demand recovery, improved export business and appreciable premium bike sales helped quarterly profit rise by around 30 per cent during the final quarter while revenue growth approached 29 per cent prompting it to expand its reach across multiple segments.
It is expected to spend nearly Rs. 1,500 crore in FY27 covering EV production expansion, research and development activities, scooters and future technologies. Earlier, the company had already announced plans to achieve nearly 90 per cent PLI coverage for electric vehicles before FY27 and exports are expected to remain another important contributor.
The two-wheeler maker has expanded its overseas operations across multiple developing markets while also adapting products for local conditions. Honda, TVS, Bajaj and several startup EV manufacturers are also expanding aggressively with new launches and capacity additions in line with the growing market across different spectrums.
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