Hero MotoCorp may face entry-level demand reset as low-speed EVs gain ground: Elara
Hero MotoCorp may face structural challenges as low-speed electric two-wheelers surge, according to Elara Capital. Sales of unregistered low-speed models rose from 1.24 lakh units in FY23 to 18.68 lakh units in FY26, capturing 56% of the electric two-wheeler market. This shift could reshape entry-level motorcycle demand, impacting Hero's sales strategy moving forward.