'Electrics to be 50% of scooter market in 5 years'
Wednesday, 15 January 2025 ()
Hero Moto projects that electric vehicles will account for 50% of the scooter market by 2030. The company plans to invest Rs 1,000 crore in EVs this year and will launch new electric models. Despite current leadership volatility, Hero views the EV segment as a long-term play.
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