Hero MotoCorp to increase EV capacity to 80,000 units per month by Q2 FY28
Facing strong demand and low dealer inventory, Hero MotoCorp is aggressively ramping up its EV production. The company aims to reach 45,000 units per month by March-end, moving up from a current capacity of 30,000 units. This expansion comes as electric scooter penetration in India exceeds 20%.
Key points
- Targeting 80,000 units monthly capacity by Q2 FY28
- Current capacity stands at 30,000 units per month
- Production increase driven by strong market demand and low inventory
- EV scooter segment penetration has surpassed 20%
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