
Vida VX2 launched as Hero MotoCorp's most affordable electric scooter: Everything you need to know
Hero MotoCorp has launched its latest entry-level electric scooter in India, the VIDA VX2. The Vida VX2, which sits in the lineup below the Vida V2 electric scooter, is available in two variants - VX2 Go and VX2 Plus. Both the variants of Vida VX2 are available with and without the Battery-as-a-Service (BaaS) option. The VX2 Go is available at ₹ 99,490 (ex-showroom), while the VX2 Plus is available at ₹ 1.10 lakh (ex-showroom).
If the consumer opts for the BaaS scheme, the VX2 Go costs ₹ 59,490 (ex-showroom) and the VX2 Plus costs ₹ 64,990 (ex-showroom). The BaaS plans depend on daily running and usage patterns. Vida claims that under the BaaS scheme, the owner has to pay a running cost of ₹ 0.96 per kilometre.
Also Read : Upcoming bikes in India
The Vida VX2 comes as the most affordable electric scooter from the biggest two-wheeler manufacturer in India. With this model, Hero MotoCorp is aiming to grab a larger chunk of the Indian electric two-wheeler market that has been witnessing a rapid surge in demand and sales over the last few years.
Here is a quick look at the key facts of the Vida VX2. Vida VX2: BaaS scheme
Vida VX2 has been launched as the most affordable electric scooter of Hero MotoCorp's sub-brand Vida. The electric scooter is priced from ₹ 99,490 (ex-showroom). Availability of the BaaS scheme further lowers the price to ₹ 59,490 (ex-showroom). If they opt for the BaaS scheme, the consumers have to pay a charge of ₹ 0.96 per kilometre. Vida VX2: Specifications
The Vida VX2 Go is available with a removable 2.2 kWh battery pack, which promises an IDC range of up to 92 kilometres on a single charge. It can run at a top speed of 70 kmph. On the other hand, the Vida VX2 Plus, which is the top variant of the electric scooter, is equipped with two removable battery packs with a capacity of 3.4 kWh. It offers an IDC range of up to 142 kilometres on a full charge. Vida claims the battery pack can be topped IP from 0-80 per cent in an hour with a fast charger, while a bundled charger tops up the battery pack from 0-80 per cent in six hours. It is capable of accelerating 0-40 kmph in 3.1 seconds and can run at a top speed of up to 80 kmph. Vida VX2: Practicality
Via VX2 has been designed as an affordable and practical city commuter with an electric powertrain. Some of the practical design elements of the VX2 include a 33.2-litre under-seat boot and a handy front compartment. While the underseat storage allows ample space for bags, boxes, bottles and more, the frunk can easily accommodate keys, cables, a charger and more. Another practical design element is the long seat that offers a spacious sitting experience to the rider and pillion rider. Vida VX2: Design
The Vida VX2 comes with a compact design. It may not be aggressive or sporty or eye-catching, but definitely practical. The scoter gets a dual LED headlamp setup with integrated bifurcated LED daytime running lights (DRL), just like the Vida V2. Also, there are LED turn indicators integrated into the handlebars and an LED taillight. There is a TFT display showing the vital information, such as speed, remaining charge, etc. The VX2 is available in seven different colour options - Nexus Blue, Metallic Grey, Matte White, Autumn Orange, Matte Lime, Pearl Black and Pearl Red.
Check out Upcoming EV Bikes in India.
First Published Date: 02 Jul 2025, 09:41 AM IST

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
2 days ago
- Mint
All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide?
Next Story Ashish Agrawal The company recently launched its first electric two-wheeler under the battery-as-a-service model, but intense competition and persistent losses in the segment mean it could take years just to break even. The E2W business remains challenging for Hero Motocorp. Photo: Bloomberg Gift this article Hero MotoCorp Ltd's launch of its first electric two-wheeler (E2W) under the battery-as-a-service (BaaS) model will significantly reduce the entry barrier for the segment and perhaps help expand the market. The BaaS model offers a substantial drop in the purchase cost and variable charges based on the customer's actual usage. Yet, with the intense competition and persistent losses in the E2W segment, it could take the company a few years just to break even. Hero MotoCorp Ltd's launch of its first electric two-wheeler (E2W) under the battery-as-a-service (BaaS) model will significantly reduce the entry barrier for the segment and perhaps help expand the market. The BaaS model offers a substantial drop in the purchase cost and variable charges based on the customer's actual usage. Yet, with the intense competition and persistent losses in the E2W segment, it could take the company a few years just to break even. At ₹ 59,490 (ex-showroom), the base model Vida VX2 Go is 40% cheaper than the same model without BaaS, along with running charges of ₹ 0.96 per km. The strategy has greater significance for Hero because of its higher share in the entry-level market. 'We see the VX2 as a strategic move by Hero to build scale in India's mass 2W electric vehicle segment by blending affordability, functional utility, and Hero's expanding charging network (3,600+ points)," said Nomura Global Markets Research in a 1 July report. Nomura's analysts, however, said that hadn't yet seen general consumers in India warming up to BaaS, adding: 'Hence, we will keenly observe the response as this product holds promise." The company could be taking cues from the traction generated by the first electric four-wheeler based on BaaS model launched in September, which achieved sales of 20,000 units in six months. Margin challenges Yet, the E2W business remains challenging. The company's E2W Ebitda margin in FY25 was negative 95%, albeit much better than FY24's negative 155% margin, management said in the March-quarter earnings call. It needs a monthly run rate of 25,000-30,000 units to break even, against the current average of 7,000-8,000. The company aims to double this by March 2026, and increase its market share to 12-15% from 7% in March 2025. Hero has also filed for production-linked incentives (PLI) for Vida V2 Pro and expects to receive approval this month. Meanwhile, Hero recorded 10% growth in overall sales to 554,000 units in June. This marks a smart reversal from the 21% drop seen in the first two months of FY26. The revival in June was led by exports, which rose 140%, though they account for just about 5% of the total. Yet, June quarter (Q1FY26) volumes declined by 11% to 1.37 million units, dragged down by the performance in the first two months. While the two-wheeler market remains strong thanks to strong rural demand, Hero continues to lose market share. In the eight quarters to Q4FY25, its market share declined by about 910 basis points (bps) to 41.5% in motorcycles and 620 bps to 28% in two-wheelers. However, volumes may increase with the 100 bps reduction in the repo rate, which reduces the cost of financing. Note that about 63% of FY25 sales were through financing. Rich valuation despite correction To be sure, the company's declining market share has weighed in investor sentiment. Hero's shares are down about 23% over the past year vis-à-vis a drop of 4% in the Nifty Auto index. Despite the correction, the stock's valuation of 17 times estimated FY26 earnings, as per Bloomberg consensus, is higher than the long-term average of about 15. Market-share gains are crucial for the stock's trajectory. However, subdued performance in the 110-cc motorcycle segment, where Hero has a strong presence, and intense competition in the 125-cc motorcycles segment could curtail the company's market-share gains in the coming years. Also, the launches of premium models are expected to increase its market share by only 200-300 bps (its current share is 2%) with weak brand positioning versus the competition, according to a Kotak Institutional Equities report. Topics You May Be Interested In Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.


Time of India
2 days ago
- Time of India
Hero tops two-wheeler sales, Honda sees double-digit dip: How others performed
Two-wheeler sales June 2025. India's two-wheeler market in June 2025 saw mixed results, with different brands performing differently. Hero MotoCorp stayed on top, keeping its lead in sales. Honda, however, saw a significant decline in sales but held onto its second position. On the other hand, TVS Motor Company, Royal Enfield, and Suzuki all reported good growth during the month. Here's a quick look at the figures. Two-wheeler sales June 2025: Sales figures Hero MotoCorp, the world's largest two-wheeler manufacturer, registered strong growth last month. The company dispatched a total of 5,53,963 units in June 2025, marking a 10% year-on-year increase. Domestic sales contributed 5,25,136 units, while exports accounted for 28,827 units. Its EV arm, VIDA, continued to grow steadily with 7,178 units dispatched and 7,665 units registered under VAHAN. In contrast, Honda Motorcycle & Scooter India posted a significant decline. Total sales stood at 4,29,147 units, with domestic numbers falling by 19.43% to 3,88,812 units, down from 4,82,597 units in June 2024. Exports, however, held up at 40,335 units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2만원의 기부팔찌로 첫 후원하기 굿네이버스 더 알아보기 Undo TVS Motor Company had a strong showing in June. Its total two-wheeler sales climbed to 3,85,698 units, up by 20% from 3,22,168 units in June 2024. Domestic sales rose by 10% to 2,81,012 units, while motorcycles and scooters grew by 24% and 26% respectively. However, EV sales dropped to 14,400 units from 15,859 units a year ago. Royal Enfield Classic 650 Review: An Icon Just Got Bigger! | TOI Auto Bajaj Auto reported a substantial decline in overall two-wheeler sales as domestic sales fell by 16% to 1,49,317 units, though exports saw an 18% rise, reaching 1,49,167 units. Next up, Suzuki Motorcycle India recorded positive growth with 95,244 units sold in June 2025, up 8% year-on-year. Domestic sales rose by 4% to 73,934 units, and exports jumped 24% to 21,310 units. Royal Enfield also had a strong month, registering a 22% growth with 89,540 motorcycles sold. Exports surged by 79%, reaching 12,583 units, compared to 7,024 units shipped in the same month last year. Discover everything about the automotive world at Times of India .


Mint
2 days ago
- Mint
Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 10 July expiry
The Indian stock market recovered from previous session's losses to trade higher on Thursday, despite a mixed trend in global markets. The benchmark indices, Sensex and Nifty 50, gained nearly half a percent each, resuming the upward trend. Gains in heavyweights like Reliance Industries, Hero MotoCorp, ONGC, M&M, Asian Paints, Maruti Suzuki, Tata Motors, among others lifted the benchmark Nifty 50 above 25,500 level. In the previous session, Nifty 50 dropped 88.40 points, or 0.35%, to 25,453.40, forming a narrow-bodied candle, suggesting consolidation. Nifty 50 slipped by 0.8% on Wednesday, accompanied by a drop of 2.8% in open interest (OI), indicating unwinding of the long position. Bank Nifty saw 0.6% cut in price alongside a 0.5% downtick in open interest, suggesting long positions were unwound. The highest Nifty Open Interest on the Call side is at the 25,600 strike, followed by 25,500 and 25,700, which could act as resistance levels. On the Put side, the highest Nifty OI is at 25,400, followed by 25,500 and 25,200, which may serve as support levels, according to Axis Securities. The premium for the At-the-Money option is ₹ 374, indicating a likely trading range for the week between 24,900 and 25,900. Axis Securities has suggested a Bull Call Spread strategy for Nifty options contracts expiring on 10 July 2025, reflecting a moderately bullish outlook. A bull call spread strategy involves buying a call option with a strike price slightly below the current market price of the underlying asset, which is Nifty 50, and simultaneously selling another call option with a higher strike price (out-of-the-money), both with the same expiration date. This strategy is applied when the outlook is moderately bullish. Buy Nifty 1 lot 25,450 Call at ₹ 175 - 185 Sell Nifty 1 lot 25,650 Call at ₹ 90 - 110 The strategy involves buying one lot of the 25,450 strike Call Option and simultaneously selling one lot of the 25,650 strike Call Option, Axis Securities said. According to analysts at Axis Securities, the potential maximum risk for this strategy is ₹ 5,850, whereas the potential maximum reward is ₹ 9,150. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' said the brokerage firm. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.