Correct Answer : Hero MotoCorp Ltd
Two-wheeler major Hero MotoCorp Ltd. has begun bookings for its electric scooter VIDA V1. Available at an ex-showroom price of R s1.45 lakh to ₹1.59 lakhs, the Vida V1 model and its two variants V1 Pro and V1 Plus, are equipped with a 3.4-3.9 kWhr battery with a 6 kW motor.
But Hero Motocorp investors are hardly excited, with shares falling around 3% on the NSE in opening deals on Monday(10th Oct 2022). Most have blamed the high product pricing.
Note : that electric two wheelers
(E2Ws) have got a boost from increased government incentives. According to analysts at Jefferies India, the share of
E2Ws in total 2W registrations has
risen to 5% in Q2FY23 from 2% in FY22. The research house expects this number to
rise to 9% by FY25..
Source : Mint