Hero MotoCorp announced on July 26, 2026, the global debut of its electric mobility brand, VIDA, in Nepal through a strategic distributor partnership with CG Motors. This marks the brand's first international market entry, signaling the company's expansion beyond India into a strategically crucial region where riders are rapidly adopting smart electric mobility. The partnership leverages CG Motors' extensive network within the Chaudhary Group, which operates over 160 companies and 123 brands worldwide, to deliver premium electric two-wheelers tailored to local terrain and lifestyle requirements.

The initial product lineup available in Nepal includes the VIDA VX2 EVOOTER range for everyday commuters and the VIDA DIRT.E K3, an electric off-roader designed for younger riders. Kausalya Nandakumar, Chief Business Officer of the Emerging Mobility Business Unit at Hero MotoCorp, stated that the launch represents a defining moment as the company takes its engineering and design capabilities global. Nirvana Chaudhary, Managing Director of Chaudhary Group, Nepal, noted that the entry aligns with Nepal's shift towards sustainable mobility and redefines the local two-wheeler landscape.

Product Specifications

The VIDA VX2 EVOOTER portfolio is ranked highest in the Two-Wheeler Initial Quality Study by JD Power. It features two distinct variants — the VX2 Plus and the VX2 Go — both supporting DC fast charging (0–80% in 65 minutes) and removable batteries for home charging via a standard 5A socket. Both variants also include smart connected features such as the My VIDA app, navigation, geo-fencing, call/SMS alerts, and OTA updates. The VX2 Plus is additionally designed for challenging terrain with an 18-degree gradeability.

Youth Off-Roading Segment

Complementing the commuter lineup is the VIDA DIRT.E K3, a winner of the Red Dot Design Award 2025 and CES Innovation Award 2026. Engineered for young riders, it features a three-size adaptive system for ergonomic support and app-based parental controls. Parents can manage acceleration and enforce speed limits across three tiers: Mode 1 (8–9 km/h), Mode 2 (17–18 km/h), and Mode 3 (23–24 km/h).

Strategic Context

Hero MotoCorp has operated in Nepal since 2014, building a foundation of trust over more than a decade. The launch of VIDA builds on this presence, aiming to drive the nation's green transition. The company, headquartered in New Delhi, remains the world's largest manufacturer of motorcycles and scooters for 25 consecutive years, with a global footprint spanning 53 countries and revenue of approximately $5 billion. This move reinforces its commitment to electric mobility alongside strategic alliances with Harley-Davidson and Zero Motorcycles, as well as investments in Ather Energy and Euler Motors.

Hero MotoCorp has subscribed to 76,19,047 convertible warrants in Ather Energy at an issue price of ₹1,260 per warrant, aggregating ₹959.99 crore. The Board of Directors of Ather Energy approved this preferential allotment on July 15, 2026, enabling Hero MotoCorp to increase its stake in the electric two-wheeler manufacturer. The warrants are convertible into one equity share each, with a face value of ₹1, within 18 months of allotment, subject to necessary shareholder and regulatory approvals.

The investment structure requires Hero MotoCorp to pay 25% of the issue price at the time of subscription, with the remaining 75% payable upon the exercise of the warrants. This transaction follows the company's earlier announcement regarding an investment of up to ₹1,000 crore in its associate company. The issuance is conducted in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Shareholding Details

Post-allotment, Hero MotoCorp's shareholding in Ather Energy will increase on a fully diluted basis. The figures below reflect the shareholding as on July 10, 2026, considering total outstanding ESOPs granted by Ather Energy.

*The post-preferential shareholding is on a fully diluted basis, presuming all warrants are fully converted, and does not account for any further issuance of securities by Ather Energy.

Ather Energy Overview

Ather Energy, incorporated on October 21, 2013, is engaged in designing, manufacturing, and selling electric two-wheelers and operating charging infrastructure. The company has demonstrated significant financial growth, with turnover rising from ₹1,753.80 crore in FY24 to ₹3,671.76 crore in FY26.