How has Hero MotoCorp's scooter sales performed recently?

Hero MotoCorp's scooter sales grew 45.5% year-on-year from April to December FY26, reaching 406,500 units.

What is the Battery-as-a-Service (BaaS) scheme offered by Vida?

The BaaS scheme for the Vida VX2 de-links the battery cost from the vehicle price, making the upfront cost less than Rs 50,000.

What are Hero MotoCorp's future plans for its scooter line?

Hero plans to expand the Vida electric scooter portfolio in 2026 with models priced below the VX2 and aims to leverage its rural network for EV solutions.

Home / Business and Economy / Hero MotoCorp's Electric Scooter Surge

Hero MotoCorp's Electric Scooter Surge

15 Feb

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Summary

Hero's scooter sales grew 45.5% year-on-year in FY26.
The Vida VX2's Battery-as-a-Service scheme dropped its price.
Hero plans to expand the Vida electric scooter line in 2026.

As the industry moves into 2026, Hero MotoCorp is redefining its position in the scooter segment, a market where it previously lagged. The company's scooter sales saw a remarkable 45.5% year-on-year increase from April to December FY26, reaching 406,500 units. This growth significantly outpaced the industry's 12.9% expansion.

The electric scooter brand Vida has been a primary catalyst for this success. Vida's sales rocketed by 172.3% to 103,213 units in the same period. Analysts credit the Vida VX2, launched in July 2025, for finding a strong market fit, especially with its Battery-as-a-Service (BaaS) scheme. This innovative offering detached battery costs, bringing the VX2's upfront price below Rs 50,000.