Hero MotoCorp unveils ‘Vida’ for EVs, lines up USD 100-mn sustainability fund, Auto News, ET Auto

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New Delhi: Nation’s largest two wheeler maker Hero MotoCorp on Friday mentioned it has unveiled a brand new model identification for its rising mobility solutions together with electric vehicles (EVs), which can be known as Vida. Pawan Munjal, Chairman & CEO, Hero MotoCorp additionally introduced a USD 100 million International Sustainability Fund. “The fund will goal to ascertain international partnerships, spearheaded by the BML Munjal College (BMU) and Hero MotoCorp, with the target of nurturing greater than 10,000 entrepreneurs on ESG solutions which have a constructive affect on the planet,” mentioned the corporate assertion.Munjal mentioned, “Vida means life, and the model’s sole function is to create a constructive affect on the world and transfer us all ahead in significant methods. We imagine the title is ideal for what we’re constructing for our youngsters and the subsequent era.” “That is actually the daybreak of one thing particular. In solely 17 weeks from right this moment we are going to unveil our Vida platform, services and products to make the world a greater place,” he mentioned. Vida would be the model underneath which Hero MotoCorp’s initiatives for rising mobility options can be launched, the primary of which can be an electrical automobile that can be formally unveiled on July 1, 2022, to coincide with the start anniversary of Dr. Brijmohan Lall, legendary Chairman Emeritus of Hero MotoCorp. The manufacturing of the brand new Vida mannequin can be executed on the firm’s inexperienced manufacturing facility in Chittoor, India. Dispatches to prospects will start later in 2022. “Once I see our future generations, particularly my grandchildren, all I wish to do is construct a way forward for optimism, a way forward for constructive vitality, a future which is clear, the place everybody has one thing to look ahead to and take part in one thing larger and higher. With the creation of ‘Vida’ we are going to supply everybody the chance to thrive, develop and stay higher whereas persevering with to maneuver the way in which they need. I’ll lead this initiative from the entrance,” Munjal mentioned.

Additionally Learn:Having practically 20 years of expertise and management expertise, Jain will additional strengthen the corporate’s initiatives resembling IT-related infrastructure, strategic planning, aligning digital methods together with the utilization of new-age applied sciences. She’s going to immediately report back to Pawan Munjal.
The corporate, which reported gross sales of 12.92 lakh models within the December quarter, additionally expects the varied bulletins made within the Union Price range this 12 months to set off a cycle not solely of employment and earnings but in addition capex within the personal sector.



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