Latest news with #V2
India Today
9 hours ago
- Automotive
- India Today
Hero Vida VX2 to launch tomorrow: Know what to expect
Hero MotoCorp is all set to expand its electric vehicle lineup under the Vida sub-brand with the upcoming launch of the new Vida VX2 on July VX2 is designed as a more budget-friendly and practical alternative to the existing Vida V2, aiming to appeal to a broader customer base with its competitive pricing. Essentially a rebadged version of the Vida Z, the VX2 has been adapted for Indian roads with a more traditional and subtle design, in contrast to the bold, angular aesthetics of the V2. Recent spy images of the production-ready model confirm several design cues, including a flat single-piece seat, a smaller digital display, and wraparound LED maintain affordability, the VX2 is expected to share the same platform, motor, and electronic architecture as the V2. However, it may be equipped with smaller battery options (likely 2.2kWh and 3.4kWh) and a reduced feature list such as a conventional key slot instead of a keyless system. The scooter is expected to be priced lower than the Vida V2, which starts at Rs 74,000 (ex-showroom), making it a strong contender in the entry-level electric scooter segment. It will compete with models like the Bajaj Chetak and the upcoming budget-friendly TVS iQube. Deliveries are anticipated to commence soon after launch, positioning the VX2 as a promising option for cost-conscious EV buyers looking for reliability and everyday the VX2, Hero MotoCorp's Vida brand will also roll out a new Battery-as-a-Service (BaaS) model from July 1, 2025. This subscription-based offering allows customers to pay for the battery separately, reducing the initial cost of owning an EV. The flexible plans will cater to various usage needs, daily or monthly, giving riders the freedom to choose a plan that suits their lifestyle and budget. This strategy is expected to attract a more diverse group of buyers by enhancing affordability and specifications, pricing, and subscription plan details for the Vida VX2 will be officially announced on July 1, to Auto Today Magazine- Ends
NDTV
9 hours ago
- Automotive
- NDTV
Hero Vida VX2 Electric Scooter Launching Tomorrow: Here's What We Know So Far
Hero is now preparing for the launch of the Vida VX2 electric scooter, which is scheduled for its official launch tomorrow. The brand has recently released the teaser video, and a few details about the electric scooter have already been confirmed, ahead of the launch. Here is what we know so far about the Hero Vida VX2, you must check it out now. As per previous news, Vida, the electric mobility brand from Hero MotoCorp, is set to introduce a new subscription-based Battery-as-a-Service (BaaS) model, starting July 1, 2025, on its new electric scooter, the Vida VX2. The idea is to significantly lower the entry barrier for electric two-wheeler buyers in India by removing battery ownership from the vehicle purchase cost. The upcoming BaaS model will operate on a flexible 'pay-as-you-go' subscription system, allowing customers to finance the scooter and battery separately, keeping costs in mind. The teaser suggests that the Vida VX2 electric scooter will have a smooth body design. With a rather minimalistic appearance, this will be complemented by paint scheme options like White, Red, Blue, Yellow, Orange, Black, and Grey. These monotone options are different from the dual-tone options offered with the V2 electric scooters. The Hero Vida VX2 is likely to get two variants, which will be called Go and Plus. These will have different battery capacities and ranges. The smaller battery pack version is likely to have a 2.2 kWh unit, while the larger one will be a 3.4 kWh battery pack. They might also have a removable battery pack consisting of two swappable batteries. These are speculated to offer a range of around 100 km on a single charge. Upon launch, the Vida VX2 is expected to be priced around Rs 1 lakh. It will make the electric scooter a perfect rival for models like Bajaj Chetak, Ola S1 Air, and TVS iQube in the Indian market.
Hindustan Times
13 hours ago
- Automotive
- Hindustan Times
Vida VX2 to debut on July 1 with BaaS, likely to be priced at…
Vida VX2 electric scooter will be available with a BaaS scheme, allowing consumers to buy the EV without paying the full price of the battery pack. Notify me Hero MotoCorp's electric two-wheeler sub-brand Vida is all set to launch its latest product, Vida VX2. Slated to launch on July 1, the Vida VX2 electric scooter will come as a more affordable version of the Vida V2, which is currently available in three trim choices - V2 Pro, V2 Plus and V2 Lite. The Vida V2 series of electric scooters comes priced between ₹ 100,500 and ₹ 1.40 lakh (ex-showroom, Delhi), depending on the trims. Upon launch, the Vida VX2 electric scooter will compete with rivals such as Ola S1 Air, TVS iQube, Bajaj Chetak, etc. All three electric scooters come priced in the vicinity of ₹ 1.05 lakh (ex-showroom). Hence, the upcoming VX2 is expected to come priced more competitively at around ₹ 90,000 (ex-showroom). Also Read : Upcoming bikes in India Interestingly, like many contemporary electric vehicles in the country across different segments, the Vida VX2 electric scooter will come with a battery-as-a-service (BaaS) scheme, which will allow consumers to opt for a subscription model for the battery pack. Under this scheme, the Vida VX2 buyers can buy the scooter without paying the cost of the battery pack. If opted, the users will have to pay a monthly rental or a kilometre-based charge to the company for the battery pack. With the BaaS scheme, expect the VX2 electric scooter to be available at around ₹ 70,000 (ex-showroom), which will make it further affordable to the consumers. The Vida VX2 would incorporate a toned-down design philosophy from the V2, as the teaser image suggests. There will be an LED lighting package and a TFT display at the instrument cluster. The electric scooter would come with some toned-down features compared to V2. On the powertrain front, it would be available in multiple removable battery pack choices, ranging from 2.2 kWh to 3.4 kWh. Expect the EV to offer a range of over 100 kilometres on a full charge. The range per charging cycle will depend on the battery pack variant. Check out Upcoming EV Bikes in India. First Published Date: 30 Jun 2025, 10:38 AM IST
NDTV
4 days ago
- Automotive
- NDTV
Hero Vida VX2 New Details Surface Ahead Of Launch
Vida, the electric vehicle manufacturing arm of Hero MotoCorp, is preparing to launch its new affordable VX2 electric scooter in India on July 1. Before the event, the brand had been teasing the vehicle, revealing its details bit by bit. Until now, we know that the electric scooter will miss out on the front disc brake and will come with drum brakes. Furthermore, there will be design similarities with the V2 range. Now, we have more details of the EV. Starting with appearance, the Vida VX2 electric scooter will have a smooth body design. With a rather minimalistic appearance, this will be complemented by paint scheme options like White, Red, Blue, Yellow, Orange, Black, and Grey. These monotone options are different from the dual-tone options offered with the V2 electric scooters. Apart from that, the electric scooter is likely to get two variants, which will be called Go and Plus. These will have different battery capacities and ranges. The smaller battery pack version is likely to have a 2.2 kWh unit, while the larger one will be a 3.4 kWh battery pack. They might also have a removable battery pack consisting of two swappable batteries. These are speculated to offer a range of around 100 km on a single charge. The unit of Vida VX2 was spotted with a TFT display that appeared smaller than those found in the V2 series, potentially suggesting a downgrade. Additionally, this model featured a keyhole, highlighting its focus on being cost-effective. Once launched, the Vida VX2 is expected to be priced around Rs 1 lakh. It will make the electric scooter a perfect rival for models like Bajaj Chetak, Ola S1 Air, and TVS iQube in the Indian market.
Indian Express
4 days ago
- Business
- Indian Express
V2 Retail's 1-year rally: With the stock up 330%, what's the long-term play?
Twelve months ago, V2 Retail was just another under-the-radar value fashion chain, trading at around Rs 450 per share. Today, the stock is hovering near Rs 1,900, a 330% gain in one year. For most investors, this kind of return typically comes from a hot tech IPO or a turnaround story driven by one-off news. But V2's rise has been different. This is a company that sells affordable clothes in Tier-2 and Tier-3 cities. It operates in a sector known for thin margins and heavy discounting. Yet in FY25, it posted record revenue of Rs 1,884 crore, grew profit after tax by 159%, expanded to over 200 stores, and improved its operational metrics across the board from sales per square foot to inventory efficiency. More importantly, this growth has not come at the cost of financial discipline. Margins have held steady, working capital has stayed lean, and store-level profitability has remained intact. The company has leaned into private labels, kept capital expenditure in check, and used internal accruals to fund expansion. With such a steep run-up, the obvious question now is, what comes next? Has the stock already captured the full benefit of this operating performance, or is there still room for upside if execution stays strong? Let us break down the FY25 numbers and see where V2 might be headed from here. At its core, V2 Retail is a value-focused fashion retailer that caters to India's lower- and middle-income households, primarily in Tier-2 and Tier-3 cities. It operates through a network of physical stores. There were 189 at the end of FY25, and the number has already crossed 200 as of June 2025. Unlike high-end or trend-driven brands, V2 focuses on value and variety. It keeps the average selling price low (around Rs 297 in FY25 and Rs 308 in Q4FY25) while giving consumers many choices within that budget. This pricing strategy, combined with store locations in underserved markets, forms the base of its customer appeal. But what truly drives the business is control over the supply chain. Around 85% of its sales in FY25 came from private-label products, that is, apparel and accessories designed in-house and manufactured through vendors or earlier in its units. These are not national brands sold at a discount. Instead, they are V2's designs, priced competitively and refreshed regularly. This gives V2 three important advantages: On the operational side, V2 has kept its model asset-light. While the company incurs capital expenditure for setting up stores (roughly Rs 2.2 crore per store, including inventory), it does not own most of its retail real estate. Rentals are negotiated selectively, often slightly away from prime market locations, to keep costs low. In FY25, the average rent was Rs 52 per square foot per month, lower than Rs 56 the year before. Once a store is live, it reaches breakeven at just Rs 500 per square foot per month in sales. By FY25, the company's system-wide average was already Rs 1,017 per square foot per month, which is double the breakeven point. This gives it a strong buffer and ensures that most stores turn profitable from the first month itself. Warehousing and logistics also play a key role. V2 runs a central warehouse in Gurgaon and is now expanding into zonal warehouses, starting with one in Kolkata. Inventory is refilled weekly through its fleet of vehicles, helping maintain stock availability across stores without overloading them. What makes all this work together is a deep understanding of the value-conscious Indian consumer. The company has built a model that works well at scale, especially in smaller cities where aspirational demand is growing but branded retail options are still limited. V2's moat does not come from brand power or capital intensity. Instead, it lies in the tight integration between product, pricing, and execution. A customer walking into a V2 store sees a wide range of fashion items that feel fresh, are well-fitted, and cost far less than what most national chains offer. That experience is made possible through a backend that handles design, vendor negotiation, warehousing, and merchandising with precision. Switching to a rival is not easy for the customer, because few alternatives match V2 on both price and choice. And for a competitor trying to copy the model, building this level of execution discipline, especially in lower-income geographies, takes years of iteration and trust-building with suppliers. Moreover, the company has already built store-level processes that ensure profitability at scale, not just growth. Every store is measured on earnings before interest, tax, depreciation, and amortization (EBITDA), and new store performance is tracked closely. As of now, the management claims that not a single store over one year old is loss-making at the EBITDA level. V2 Retail's headline numbers in FY25 show the company's improving execution at every level. Revenue grew 62% year-on-year to reach Rs 1,884 crore, up from Rs 1,164 crore in FY24. That is the highest topline in the company's history. But more importantly, profitability improved along with growth. EBITDA rose to Rs 258 crore, a 74% increase, and EBITDA margins expanded to 13.7%, up from 12.7% last year. Profit after tax came in at Rs 72 crore, which is nearly three times higher than the Rs 28 crore earned in FY24. This improvement came from both higher volumes and better operating metrics. One of the strongest indicators of V2's momentum is its same-store sales growth (SSSG). After posting a 31% growth in FY24, the company delivered a further 29% SSSG in FY25. That is an impressive figure, especially on a high base. This means that the company is not just growing by opening new stores. Even older stores are seeing strong demand. Many new stores reached operating profitability within the first few months, according to the management. These early breakeven points are a direct result of tight cost control and improving brand recall in smaller cities. A deeper look at store-level metrics reveals a clear step-up in efficiency: ● Volume growth was 43% in FY25, showing broader demand across categories. ● Average selling price (ASP) increased to Rs 297 in FY25, from Rs 263 in FY24. ● Average bill value (ABV) rose to Rs 859, compared to Rs 797 last year. ● Sales per square foot (per month) jumped to Rs 1,017, up from Rs 854. These numbers suggest that V2's customers are buying more items and spending more per visit, all while prices remain firmly in the value segment. That means growth is coming from genuine traction, not inflation-led pricing or deep discounting. During FY25, the company opened 74 new stores and closed only 2, taking its total to 189 stores at year-end. By May 2025, the live store count had already crossed 200. Retail space expanded to over 20 lakh square feet, covering nearly 150 cities across 20 states. Store openings were not random. V2 focused on clusters where it already had a presence and operating leverage, such as Bihar, Uttar Pradesh, Odisha, and Jharkhand. It also began expanding into new territories like Punjab, West Bengal, and Rajasthan. Management shared that newer stores in these regions are already delivering revenue per square foot close to the company average, which is a strong signal of product-market fit. Despite this fast rollout, the company kept its working capital cycle stable. Inventory stood at 90 days of sales, and creditors remained around 45 days. The portion of old inventory (more than 12 months) fell sharply from 18% to just 5%. This was possible because of better vendor coordination and more accurate demand forecasting. On a pre-IndAS basis, which excludes accounting adjustments related to leases, the EBITDA margin stood at 8% in FY25. This is the number that most closely reflects operating profitability, especially for companies with large rental commitments. The management has guided for 8-9% EBITDA margins on a pre-IndAS basis over the next two years. This margin level may seem modest, but it reflects a conscious choice to maintain affordability while scaling operations. As more stores mature and fixed costs spread out, margins are expected to inch higher without compromising on growth. After delivering a 330% return in just one year, V2 Retail has moved from being a turnaround story to a momentum stock. For long-time investors, the ride has already been rewarding. But for new investors evaluating it today, the key question is how much of the upside is already priced in? As of now, the stock trades close to its all-time high, with a trailing price-to-earnings (P/E) multiple of around 80-90 times. This is significantly higher than the broader retail sector average. On a price-to-sales basis, too, the company commands a premium due to its asset-light model and strong growth trajectory. These valuations may appear stretched, but they reflect investor belief that V2 can continue expanding store count, hold its margins, and eventually scale profits much faster than revenue. If the company can grow earnings by even 30% annually over the next few years, the current P/E ratio will start to look more reasonable. There are a few reasons this expectation is not entirely unfounded: However, it is important to note that V2 now has less room for error. At these valuations, any signs of margin pressure, weak festive season performance, or slower new store breakeven can affect investor confidence. Execution, not just expansion, will be closely watched. For retail investors, V2 Retail today represents a mature, fast-scaling business that is still early in its long-term journey. But the steep rally means one must now weigh the upside against potential volatility. The fundamentals are strong, but the expectations are high. In other words, this may no longer be the undiscovered gem it once was, but it might still be a business worth tracking, especially if it can sustain growth without compromising on discipline. Note: This article relies on data from annual and industry reports. We have used our assumptions for forecasting. Parth Parikh has over a decade of experience in finance and research and currently heads the growth and content vertical at Finsire. He holds an FRM Charter and an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
