Hero MotoCorp Share Price Gains as VIDA VX2 Battery Subscription Model Announced

Market Performance

Hero MotoCorp share price saw a modest rise in early trade on June 19, climbing 1% to ₹4,404.

• As of 10:40 AM, the stock was trading at ₹4,381, up 0.6% from the previous close on the NSE.
• The stock has recorded a 23% gain over the past three months, signaling strong market confidence.

Main News: Battery Subscription Push for VIDA VX2

Hero MotoCorp has introduced a battery subscription model for its upcoming VIDA VX2 electric scooter, a strategic move designed to enhance affordability and accessibility in the electric two-wheeler market.

• Launch Date: July 1, 2025
• Model: Battery-as-a-Service (BaaS)
• Objective: Lower upfront costs for customers

With this new plan, buyers can now pay for the scooter's battery on a daily or monthly basis. The flexibility allows for the separate financing of the vehicle chassis and battery, which is ideal for entry-level EV consumers.

Hero MotoCorp stated that these subscription options will cater to diverse usage patterns and budget needs, potentially widening the EV customer base.

Company Details

Hero MotoCorp is actively strengthening its electric vehicle ecosystem to support the VIDA VX2 rollout:

• 3,600+ fast-charging stations
• 500+ service points
• Coverage across 100 cities

This ecosystem enhancement aligns with the company's vision to accelerate electric vehicle (EV) adoption, particularly among price-sensitive segments.

Financial Performance Snapshot

Revenue

• ₹9,938.65 Crore in Q4 FY25
• Growth of 4.4% YoY

Net Profit

• Q4 FY25 net profit: ₹1,081 Crore
• YoY growth: 6%
• Previous year Q4: ₹1,016 Crore

Summary

Hero MotoCorp's share price remained in focus on June 19 following the announcement of a battery subscription plan for the VIDA VX2 scooter. The initiative aims to reduce initial EV costs through a flexible Battery-as-a-Service model. Backed by a vast service and charging network, this strategic step could strengthen the company's position in the electric two-wheeler segment. On the financial front, Hero MotoCorp posted steady growth in revenue and net profit for Q4 FY25.