Hero MotoCorp, is the dominant market leader in India – the world's largest two-wheeler market – with over 50% share in the domestic motorcycle market, is planning to launch its electric vehicle by March 2022.

In keeping with its Vision - “Be the Future of Mobility” - Hero MotoCorp is committed to bringing sustainable mobility solutions to its customers and is accelerating its focus on producing electric vehicles (EVs) as an integral part of its product portfolio.

The company’s Electric Vehicle (EV) project is in the advanced stages and the product will be manufactured at its plant in Chittoor, Andhra Pradesh. The plant - aptly called Garden Factory for its eco-friendly and sustainable manufacturing practices - will provide an integrated ecosystem for Battery Pack Manufacturing and Testing, Vehicle Assembly and Vehicle End of Line Testing (EOL).

Niranjan Gupta, Chief Financial Officer, Hero MotoCorp said, “Hero MotoCorp expects a build‐up in demand over the coming quarters as the economy continues to show recovery and improvement. Positive economic signs, encouraging farm activities and increased need for personal mobility is likely to restart the momentum in the two‐wheeler industry and we expect positive sentiments both in the rural and semi‐urban markets."

"In keeping with its strategic vision ‐ Be The Future of Mobility’, Hero MotoCorp is steadily progressing on the path to carbon neutrality and sustainability and is investing in this transformation. The company is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes forging strategic collaborations and partnerships,” added Gupta.