Hero MotoCorp Limited is preparing for an aggressive growth phase in FY27 with new product launches, scooter expansion and a stronger push into electric vehicles as the company aims to widen its market leadership in the two-wheeler segment.
As per PTI report, Harshavardhan Chitale, Chief Executive Officer of Hero MotoCorp, said the company expects double-digit growth momentum from FY26 to continue into FY27, supported by exports, electric vehicles and scooters.
The company plans to introduce more than 12 major products during the financial year, while total annual launch activity including model refreshes could reach 40-50 launches.
Hero is focusing on multiple growth segments including scooters, motorcycles above 125cc and entry-level commuter bikes. Chitale said the company’s lead over competitors widened again in FY26 after narrowing over the past six to seven years.
“So far we are leading, and we hope we continue to do so going forward,” Chitale said.
He added, “We stay focused on offering the most efficient, most safe products.”
Hero MotoCorp is rapidly increasing production capacity to meet rising demand in both internal combustion engine (ICE) scooters and electric scooters.
The company is doubling production capacity for its Xoom scooter brand, while capacity expansion for the Destiny scooter has already increased by 50%.
For Vida electric scooters, Hero plans to raise production capacity by 50% by the end of the current month and further double it by the end of the calendar year. Overall, Vida capacity is expected to become nearly three times higher compared to the beginning of the year.
To support these expansion plans, Hero MotoCorp has earmarked ₹1,500 crore capital expenditure for FY27 aimed primarily at doubling scooter production capacity.
The company sees electric scooters emerging as a major long-term growth driver.
Currently, Vida contributes around 27-28% of Hero MotoCorp’s overall scooter sales. Chitale said the company expects electric scooters to account for more than 50% of total scooter sales by 2030.
Hero is also expanding its EV sales network using a town-by-town approach while targeting a top-three market position in electric mobility categories.
“Our ambition is to emerge as one of the top three players, if not number one, in EV in every category,” Chitale said.
The company is also developing multiple low-emission powertrain technologies as the industry shifts towards cleaner mobility solutions.
According to SIAM data, Hero MotoCorp sold 54,93,178 motorcycles and 5,72,870 scooters during FY26.
Rival Honda Motorcycle and Scooter India Private Limited sold 25,89,985 motorcycles and 31,62,067 scooters during the same period.
Chitale said competition in the industry remains intense, but Hero plans to outpace overall industry growth and continue gaining market share as the electric two-wheeler segment expands further.
Read More: JSW Group, Uber Partners for EV Rollout in India's Ride-Hailing Sector!
As of 25 May 2026, at 10:08 AM, Hero MotoCorp Limited share price is trading at ₹4,993 per share, reflecting a surge of 0.54% from the previous closing price.
Hero MotoCorp is strengthening its product pipeline, scooter capacity and EV strategy as the company positions itself for sustained growth and a larger presence in India’s evolving two-wheeler market.
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Published on: May 25, 2026, 10:11 AM IST
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