Hero MotoCorp is aiming two-wheeler segment to make a strong comeback next financial year (FY23) with Omicron wave subsiding and a broader economic recovery in sight. The company, which reported sales of 12.92 lakh units in the December quarter, also aims the various announcements made in the Union Budget this year to trigger a cycle not only of employment and income but also capex in the private sector.
Further, the company plans to roll out its first EV product in March. The company is set to roll out EV products from its Chittoor, Andhra Pradesh-based manufacturing facility. The company has also joined hands with Bharat Petroleum Corporation (BPCL) to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
