Hero MotoCorp, Zero Motorcycles in advanced stages of bike development

25 Nov 2024 CW Team

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced phase of developing a mid-sized electric motorcycle targeting the performance segment, according to Hero MotoCorp CEO Niranjan Gupta. California-based Zero Motorcycles, known for its electric bikes and powertrains, received an equity investment of up to $60 million from Hero MotoCorp in 2022.

In 2023, the companies announced their collaboration to create premium electric motorcycles. Gupta highlighted that while no launch timeline has been confirmed, the new bike is not far from being introduced to the market.

Hero MotoCorp is also focusing on expanding its electric scooter lineup across various price segments. The company’s VIDA electric scooter range, priced between Rs 100,000-150,000 (including state subsidies), is now available in over 230 cities through 400 touchpoints. Gupta expects the company's EV products to align with the government's PLI scheme by FY26.

On the international front, Hero MotoCorp reported growth in key markets like Colombia, which achieved cash and EBITDA positivity for the first time, and strong traction in Mexico. However, countries like Bangladesh, Turkey, and Nigeria require more focused efforts. Gupta stated that the company’s strategy of prioritising growth in its top ten markets while selectively entering new ones is beginning to yield positive results.

Gupta also expressed optimism about India’s economic trajectory and the auto sector, stating that the festive cheer in the market is likely to persist. (ET)

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..