Hero MotoCorp considering hybrid two-wheeler tech for the Indian market
Hero MotoCorp is exploring hybrid powertrains for its future two-wheeler offerings as the industry rapidly transitions towards alternative and cleaner powertrain technologies. While electric vehicles have gained significant momentum, hybrid technology is emerging as a potential middle ground, offering benefits such as improved fuel efficiency and lower emissions. Here’s a breakdown of Hero MotoCorp’s approach and the current landscape in India’s two-wheeler industry:
Key Points:
- Exploration of Hybrid Powertrains:
- Hero MotoCorp is actively working on hybrid technologies for its upcoming two-wheelers. The company recognises the growing demand for alternative powertrain solutions as the market evolves.
- Hybrid technology, which combines a traditional internal combustion engine with an electric motor and battery, is relatively new in the Indian two-wheeler market. This approach could offer consumers better fuel efficiency and reduced emissions.
- CEO’s Vision:
- Niranjan Gupta, CEO of Hero MotoCorp, emphasised the importance of diverse powertrain options, including ICE, EV and hybrid technologies. The company is also exploring flex fuels and ethanol-based fuel technologies as part of its long-term strategy.
- Gupta noted the industry’s focus on cleaner energy sources and the company’s commitment to staying at the forefront of these innovations.
- Current Market Landscape:
- Yamaha Motors is currently the only company offering a hybrid two-wheeler in India with its Fascino 125cc scooter, which integrates hybrid technology.
- Royal Enfield is also reportedly developing hybrid models, signalling a potential shift towards this technology within the industry.
- Emerging Trends:
- Hybrid technology, while more prevalent in the passenger car segment, is gaining traction in the two-wheeler market. This trend is bolstered by government incentives, such as Uttar Pradesh’s recent waiver of road tax for strong hybrid cars.
- The introduction of CNG-powered two-wheelers by companies like Bajaj Auto and TVS Motor also indicates a broader interest in alternative powertrains beyond just electric vehicles.
- Hero MotoCorp’s Electric Vehicle Expansion:
- In addition to exploring hybrid technology, Hero MotoCorp is expanding its electric vehicle lineup under the Vida brand. The company plans to increase its portfolio from two to four electric scooters this year.
- The upcoming models are expected to cater to both affordable and mid-segment markets, reflecting the company’s strategy to diversify its offerings in the rapidly growing EV market.
Hero MotoCorp’s exploration of hybrid technology aligns with the broader industry trend towards sustainable and alternative powertrains, indicating a future where multiple technologies coexist to meet diverse consumer needs.