Hero MotoCorp to expand its presence in the European market: PTI

Hero MotoCorp, a leading two-wheeler manufacturer, is expanding its presence into France, Germany, Spain, and the UK in the second quarter of FY2025-26, according to Chairman Pawan Munjal.

Hero MotoCorp is "Investing in the future — India and beyond," according to Munjal, who spoke to shareholders in the company's annual report for 2024–2025. He also mentioned that the company is mentoring next-generation entrepreneurs, providing them with access to R&D, and opening doors to the market through its own platforms, such as "the Hero for Startups" initiative.

Citing Munjal, PTI reported, “A bold global expansion roadmap will see Hero MotoCorp extend its presence into Germany, France, Spain, and the United Kingdom in the second quarter of FY 2025-26, as we carry our vision of mobility without boundaries to new markets."

Further, he said, “In FY 2024-25, we achieved 43 per cent YoY growth in international markets from South Asia to Latin America through a sharp focus on customer experience, quality and scale, “ the report added.

“Our entry into Europe and the UK later this year marks the next phase in our global ambition backed by engineering excellence and innovation." The company’s electric mobility marque, VIDA recorded a “200 per cent surge in sales, supported by the strategic expansion of its retail presence across key urban centres. The VIDA V2 has redefined accessibility in electric mobility for the modern commuter," Munjal said.

He added that the company's partnership with Ather Energy, which is currently publicly traded, enhanced its position as the leader in the premium electric category and India's largest EV charging network. Furthermore, an exciting new luxury motorcycle is the result of the company's collaboration with Zero Motorcycles, a California-based company. He said that the company's Rs 510 crore investment in Euler Motors is strengthening its position as the industry leader in electric three-wheelers worldwide.

Citing CEO Vikram S Kasbekar, Hero MotoCorp Executive Director said,  “I believe that FY 2025-26 will be a year of acceleration. We will continue to expand our footprint in electric mobility, sharpen our premium play, unlock new value in the core segment, and push deeper into international territories," PTI reported.