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Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Commenting on the sales, the company said that due to the lockdown and restrictions due to the third wave of Corona epidemic in many states of the country, sales were affected. Hero MotoCorp is the largest manufacturer of two wheelers. The company has remained No. 1 in the manufacturing of two wheelers for the last 20 years. The company has sold over 100 million (100 million) motorcycles and scooters since its inception.

Hero MotoCorp has also accelerated its global expansion plans by further strengthening its presence in Central America. Last month, the company expanded its operations and launched retail at a new flagship store in San Salvador, the capital of El Salvador.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

As part of its digital efforts to provide an enhanced and contactless customer experience, Hero MotoCorp has announced the commencement of online booking of its latest motorcycle XPulse 200 4-Valve. After the first batch is completely sold out, the company has started booking for the second batch.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Meanwhile, in the month of January, Hero Global Center for Innovation and Technology (CIT) became the first research and development facility to receive Greenco Platinum rating under the R&D category, also under CII- Rajasthan State Pollution Control Board. Green rating was also awarded. The Indian Green Building Council (IGBC) has already awarded Platinum certification to Hero’s manufacturing center with a score of 91, making it the highest-rated manufacturing facility in India.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Let us tell you that Hero MotoCorp is all set to launch its electric scooter in the Indian market this year. The company has registered a new brand trademark for electric scooters last year by the name of ‘Vida’ (Vida). The company may also introduce electric motorcycles in the future under the registered trademark name. As of now, no final decision has been taken regarding the brand of the electric scooter.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Let us tell you that in April last year itself, Hero MotoCorp announced a partnership with Gogoro. Hero MotoCorp is preparing to launch its first electric scooter in March this year. In such a situation, Gogoro will play an important role in creating the charging infrastructure for Hero electric scooters. In partnership with Hero MotoCorp, Gogoro will implement Taiwan’s successful business model in India.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Taiwan’s Gogoro is the world’s largest provider of battery swapping facilities for electric vehicles. Gogoro provides battery swapping service for light electric vehicles in many countries of the world. Gogoro provides customers with fully charged batteries by replacing their discharged batteries at its battery swapping stations. This service is provided on a daily basis or on a monthly subscription basis.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Apart from this, the facility of charging electric vehicles is also available at Gogoro’s battery swapping stations. The company has generated revenue of US$150 million in less than 5 years. Currently, more than 4.5 lakh customers are taking advantage of Gogoro’s battery swapping stations.

Hero MotoCorp suffered a major setback, sales decreased in the first month of the new year

Hero MotoCorp has also invested $285 million (about Rs 1,800 crore) in Gogoro to develop electric vehicles and charging technology. This is Hero MotoCorp’s second largest investment. Earlier, the Indian automaker had invested Rs 420 crore in electric scooter startup, Ather Energy.

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