Hero MotoCorp to build Zero electric motorcycles in India

Zero Motorcycles offers a wide range of electric bikes priced in the range of US$ 13,000 to US$ 24,000.

Earlier this year, Hero MotoCorp joined hands with California-based Zero Motorcycles to develop electric 2-wheelers. The company has now confirmed that it would manufacture and sell Zero's electric motorcycles in India.

"We will be bringing the Zero portfolio into India, increasing access for the Indian consumer to the best of international clean mobility options. California-headquartered Zero will be manufacturing its products in India too," an official statement said.

Hero MotoCorp is investing US$ 60 million in Zero Motorcycles, which plans to leverage the scale of manufacturing, sourcing and marketing of the Indian 2-wheeler giant. The brand has a presence in North America, the UK and Europe, with products priced in the range of US$ 13,000 to US$ 24,000. It currently offers a wide variety of electric bikes, including the Zero S and SR street bikes, FXS supermoto, DS and DSR dual-sport bikes, SR/F, and a motocross bike called the FX.

Last year, Hero rolled out its first electric scooter, the Vida V1. It competes with the TVS iQube and Bajaj Chetak but is yet to gain a significant market share. Hero MotoCorp has also invested heavily in Ather Energy. It holds a 35% stake in the Bangalore-based startup.

Source: Financial Express