| Launch Price | ₹1,43,990Ex-showroom Delhi |
|---|---|
| Market Cap | ₹98,739.84 CrAutomobiles |
| Revenue TTM | ₹47,411.24 CrOperating Revenue |
| RSI | 47.66Neutral Zone |
Key highlights
- Priced at ₹1,43,990 in New Delhi after PMED subsidy and offers
- Equipped with a 4.4 kWh battery achieving an IDC-certified range of 187 km
- Features an industry-first 1 kW portable charger for home and office use
- Supports high-speed DC fast charging from 0% to 80% in 65 minutes
- Secured entry in Asia Book of Records for a 12,111 km continuous journey
The Product — What It Is
The VIDA EVOOTER VX2 Plus 4.4 kWh is positioned as a high-performance, long-range electric scooter. It features a 6 kW peak power motor delivering 26 Nm of torque, enabling a top speed of 90 km/h. Technology integration includes a 4.3-inch TFT display, turn-by-turn navigation, and over-the-air updates.
For utility, the vehicle provides 27.2 litres of under-seat storage and utilizes a CBS braking system specifically tuned for Indian road conditions. This variant increases the VIDA VX2 lineup to four distinct models, catering to different rider requirements and lifestyles.
Strategic Fit
- Aligns with the Ghar Ghar Evooter vision to democratize electric mobility
- Introduction of Battery-as-a-Service plans to ensure flexible and affordable ownership
- Leverages a network of 6,000 fast charging stations and 700 service touchpoints
- Validates endurance through a record-breaking 52-day cross-country expedition
- Availability across authorized dealerships nationwide by the end of July 2026
Business Overview
As the world largest manufacturer of motorcycles and scooters for 25 consecutive years, Hero MotoCorp operates eight manufacturing facilities across India, Colombia, and Bangladesh. The company maintains a global footprint in 52 countries with a customer base exceeding 130 million. Beyond its internal VIDA brand, the firm has made strategic investments in EV players like Ather Energy and Euler Motors.
Hero MotoCorp also partners with Harley-Davidson and Zero Motorcycles for premium vehicle development, maintaining a strong R&D presence through centers in India and Germany.
Industry Context
The Indian electric two-wheeler market is increasingly shifting toward high-range variants as charging infrastructure matures. Manufacturers are prioritizing battery capacity and fast-charging capabilities to compete directly with internal combustion engine vehicles. Hero MotoCorp’s launch addresses the critical requirement for longer uninterrupted journeys, which remains a primary barrier to mass EV adoption.
The inclusion of an industry-first 1kW portable charger directly supports this transition by offering consumers more versatile charging options outside of public networks.
“Every innovation we drive is a direct reflection of our customers' needs. The demand for longer, uninterrupted journeys and faster charging is a critical requirement for EV adoption.”
| Share price | ₹4934.7 |
|---|---|
| Market capitalisation | ₹98,739.84 Cr |
| Revenue (annual) | ₹47,411.24 Cr |
| Net profit (annual) | ₹5,741.73 Cr |
| Revenue (latest quarter) | ₹12,978.28 Cr+3.94% vs previous quarter |
| Net profit (latest quarter) | ₹1,460.00 Cr+15.18% vs previous quarter |
| P/E (TTM) | 17.2×Sector 33.18× |
| Promoter holding | 34.73%0.00% QoQ |
| FII holding | 31.15%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Hero MotoCorp Limited announcing the launch of the new VIDA EVOOTER VX2 Plus 4.4 kWh electric scooter. Market figures from a third-party data provider.
