Hero Moto Q2: Hero Moto’s EV strategy may not fetch desired results

ET Intelligence group: The maiden electric vehicle (EV) launch by India’s largest two-wheeler maker Hero MotoCorp may not enthuse investors owing to the aggressive product pricing. Its stock had shown a build-up since June following expectations that the company’s EV foray would disrupt the market given Hero’s economies of scale thereby arresting the declining scooter volume.

However, pricing and positioning of the new offering has puzzled