Here’s what Hero’s upcoming electric scooter will look like
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Dr. Pawan Munjal, chairman and CEO, Hero MotoCorp, teased the company’s upcoming electric scooter.
Multiple EVs in the works
Full reveal expected soon
Looks near production-ready
The upcoming electric scooter that appears to be near production-ready was teased during the company’s 10th anniversary celebration livestream. While the company refrained from letting out any details about the product, the teaser does give us an idea of what can be expected. Firstly, the scooter appears to be equipped with a 12-inch wheel at the front and a 10-inch unit at the rear.
The rear wheel also doesn’t appear to have a hub-mounted motor. Interestingly, it’s also equipped with a single-sided swingarm, similar to the Bajaj Chetak. This is unlike the conventional double-sided ones found on Gogoro’s offerings in Taiwan. Hero’s electric scooter also doesn’t share any major styling elements with the Gogoro electric scooters, and it appears as if this is in fact an indigenous Hero MotoCorp product. Other neat design elements include the flyscreen, curvy bodywork and lengthy split-seat.
Dr. Munjal also said this upcoming electric scooter will be revealed soon. He further added that the company is working on multiple other products, including ones with the battery swapping tech from Gogoro, something that was revealed when Hero first announced its partnership with the Taiwanese company in April 2021. We believe the scooter in the image above is one of Hero’s fast charging offerings.
To read more about Hero MotoCorp’s plans to enter both the fast charging and battery swapping spaces, click here.
Vaishali Parekh is bullish on IndusInd Bank & Hero Moto; here’s why
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BUY INDUSIND BANK | CMP: Rs 1,029 | Target: Rs 1,150 | Stop Loss: Rs 970
The stock witnessed a slight correction recently and bottomed out near Rs 970 level, close to the trendline support zone. Currently, it has managed to move past the 50EMA level of Rs 1,000 and improve the bias. The RSI is well placed, indicating strength and with the chart looking attractive, we suggest to buy and accumulate this stock for an upside target of Rs 1,150, keeping the stop loss of Rs 970. CLICK HERE FOR CHART
BUY HERO MOTOCORP | CMP: Rs 2,833 | Target: Rs 3,150 | Stop Loss: Rs 2,650
The stock has eroded well from the Rs 3,100 level, near the 200DMA, and has made a double bottom pattern near the Rs 2,740 level with a good base. Currently, it has indicated a positive candle formation to improve the bias. The RSI is on the rise, suggesting a trend reversal, and has indicated strength to anticipate for a further upside move. We suggest to buy and accumulate this stock for an upside target of Rs 3,150 while keeping a stop loss of Rs 2,650. CLICK HERE FOR CHART
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Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.
News: Hero MotoCorp names new Head- Employee Relations
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An alumnus of XISS, Dharm comes with over 25 years of experience in Human resources and employee relations with expertise in HR, Talent Management & Development, HR Strategy in Sync with Business Growth drivers, Change & Transformation, and much more.
Two-wheelers manufacturer Hero MotoCorp has elevated Dharm Rakshit as its new Head- Employee Relations, India. Earlier, he was working as Head HR.
Dharm has been associated with Hero MotoCorp since 2017. Prior to that, he was working with Larsen & Toubro (L&T) as Head of Employee Relations, where he was leading Employee Relations for the L&T Construction Division and supporting six SBUs of the Division in terms of shaping agile ER Framework and enabling respective ER Heads to transform ER Agenda & strategy.
Before that, he has also worked with companies such as Godrej Industries, Mondelez International, Coca Cola Beverages, Tata Steel, and Essel Mining & Industries in HR leadership roles.
An alumnus of XISS, Dharm comes with over 25 years of experience in Human resources and employee relations with expertise in HR, Talent Management & Development, HR Strategy in Sync with Business Growth drivers, Change & Transformation, HR Policy Design & Agility, building High Performance-driven Culture, Employee Relation & Transformation, and Compliance & Governance, etc. It is this vast expertise which the company is hoping to leverage with his elevation.