Hero MotoCorp gains on introducing VIDA VX2 with pioneering `Battery-as-a-Service` model
Hero MotoCorp is currently trading at Rs. 4392.10, up by 34.65 points or 0.80% from its previous closing of Rs. 4357.45 on the BSE.
The scrip opened at Rs. 4385.20 and has touched a high and low of Rs. 4398.00 and Rs. 4366.05 respectively. So far 4549 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6245.00 on 24-Sep-2024 and a 52 week low of Rs. 3322.60 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 4432.00 and Rs. 4245.75 respectively. The current market cap of the company is Rs. 87814.90 crore.
The promoters holding in the company stood at 34.74%, while Institutions and Non-Institutions held 55.33% and 9.92% respectively.
Bolstering its customer-centric approach, VIDA - powered by Hero MotoCorp - is set to introduce a pioneering subscription-based Battery-as-a-Service (BaaS) model, redefining two-wheeler EV ownership and ushering in a new era of accessible, affordable electric mobility starting July 1, 2025. Along with a flexible ‘pay-as-you-go’ ownership model, this disruptive BaaS subscription solution will significantly reduce the upfront ownership cost, making electric mobility more affordable and accessible to a wider customer base.
It will allow customers to have the option to finance the scooter chassis and battery separately, reducing significant upfront capital expenditure into manageable monthly payments. Customers can choose from flexible subscription plans tailored to their daily or monthly budget and usage - offering greater affordability, convenience, and peace of mind in EV ownership.
Under this model, VIDA customers will be empowered with greater choice, improved cost efficiency, and access to VIDA’s growing robust pan India ecosystem which already includes over 3,600 fast-charging stations and 500+ service points across 100+ cities. By removing conventional barriers and reimagining EV ownership and experience, VIDA aims to democratize electric mobility while offering unmatched convenience, flexibility, and peace of mind.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
