Hero MotoCorp Rolls Out Battery Subscription Model For EVs

Hero MotoCorp Ltd. on Wednesday said it is launching a battery-as-a-service model to make its electric scooters more affordable. The new plan will let customers subscribe to monthly battery plans instead of paying a large sum upfront.

"This gives customers the flexibility to finance the scooter chassis and battery separately, turning a hefty capital cost into manageable monthly payments," the company said in an exchange filing.

Further details, including subscription options and pricing, will be announced on July 1.

VIDA, Hero’s electric two-wheeler brand, said the move is aimed at making EV ownership easier and more accessible. "By removing conventional barriers and reimagining EV ownership and experience, VIDA aims to democratise electric mobility while offering unmatched convenience, flexibility, and peace of mind," the company said.