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Kenya's mobile money revolution

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46013 Last modified on الثلاثاء, 15 تموز/يوليو 2014
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    By Aditi Shah and Shilpa Jamkhandikar

    NEW DELHI, Oct 7 (Reuters) - India's Hero MotoCorp .

    the world's biggest motorcycle maker by sales, launched its first electric scooter worldwide on Friday as
    it looks to catch up with newer businesses that have taken the
    lead in the shift to cleaner transport.

    Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather
    Energy, which is backed by Tiger Global, and
    Softbank Group-backed Ola Electric a first-mover advantage.


    "While it may have been our wish to launch this product earlier than we have, we had to get it absolutely right for the greater good of everyone," Chairman Pawan Munjal told reporters at
    the launch event in Jaipur.

    India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales
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    While sales are accelerating as people move away from gasoline scooters in the face of
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    There are concerns this could derail growth of a sector that is key to the country's carbon reduction goals.


    Prices for Hero's debut model, Vida Plus, will start at 145,000 rupees ($1,800) - higher than most electric scooters
    in India - and it will have a minimum range of 143 kilometres (89 miles)
    on a single charge, similar to Ather.

    The company has made a string of investments in electric vehicle startups.


    In September, Hero said it would invest $60 million in California-based Zero Motorcycles to jointly
    develop electric motorcycles. In January, it announced an investment of more
    than $56 million in Ather and in 2021 it partnered with
    Taiwan's Gogoro for its battery sharing infrastructure.



    Hero will start taking bookings on Oct.

    10 and deliveries will begin in December.


    ($1 = 82.3050 Indian rupees) (Reporting by Aditi Shah in New Delhi
    Writing by Shilpa Jamkhandikar Editing by David Goodman and Mark Potter)




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