- Hero Motocorp collaborates with Zero Motorcycles for premium E-Motorcycle
- Collaboration combines the expertise of Zero in developing power trains & Hero's manufacturing capabilities
The largest two-wheeler producer in the world is Hero Motorcorp. In the Indian market, the brand has consistently ranked first in terms of monthly sales. The company is making significant investments in the development of electric vehicles as the nation transitions to electric mobility. The company recently debuted the Hero Vida electric two-wheeler brand as well as the Vida V1 electric scooter, its first electric vehicle. Now that the brand is moving forward in e--mobility space, it has announced a partnership with Zero Motorcycles, a US-based producer of high-end electric motorcycles and powertrains.
Also Read: Hero Motocorp Join Hands With Zero Motorcycles For Premium E-Vehicle
Hero Motocorp & Zero Motorcycles Partnership
In order to work together to produce high-end electric motorcycles, Hero MotoCorp and Zero Motorcycles have signed agreements. With this partnership, Hero MotoCorp's large production, sourcing, and marketing capabilities are combined with Zero's expertise in creating electric motorcycles and powertrains.
The Board of Hero MotoCorp approved an equity investment in Zero Motorcycles worth up to US$60 million in September 2022. Zero Motorcycles is the global leader in electric motorcycles and powertrains. In order to improve the motorbike experience for riders all over the world, Zero Motorcycles merges Silicon Valley technology with traditional motorcycle character.
Also Read: Matter Aera Electric Motorcycle Launched At Rs 1.44 Lakh - Details
Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp, said Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets.
Mr. Sam Paschel, CEO, Zero Motorcycles, said We are delighted to have Hero MotoCorp the worlds largest motorcycle maker as our partner. Our companies are both committed to transforming the riding experience and bringing remarkable, innovative products to the world. With these shared passions, we look forward to delivering exceptional value, performance and fun for our customers.
Verdict: Hero Motocorp have a significant sales and service network, and their position as a top two-wheeler manufacturer offers them an advantage in expanding their business and creating new models. Zero Motorcycles has produced some excellent electric motorcycles that are performance-oriented. This partnership is anticipated to result in the birth of a new performance-oriented electric bike in India.
