Next month, the nation’s leading two-wheeler manufacturer, Hero MotoCorp, will introduce its first model to the domestic market, marking the company’s entry into the electric vehicle sector.
A new age in mobility is about to begin, the business claimed in a regulatory filing, hinting at a Vida brand event on October 7, 2022.
The two-wheeler industry leader has sent invitations to the event in Jaipur, Rajasthan, to its dealers, investors, and international distributors.
Hero MotoCorp said in March of this year that it has established a USD 100 million (about Rs 760 crore) worldwide fund to support over 10,000 entrepreneurs working on ESG (environmental, social, and governance) solutions, including its future electric vehicles (EVs).
The manufacturer of two-wheelers intends to launch cutting-edge mobility solutions under the Vida brand.
According to sources, the company created the device at the Centre of Innovation and Technology, its R&D center in Jaipur, and would use its Chittor manufacturing facility in Andhra Pradesh to launch the product.
