Harshavardhan Chitale
CEO, Hero MotoCorp
Notable Quotes
In these focus segments, we've seen advancement in last quarter. In scooters, we saw 48% growth year-on-year. In EV, our EV scooter volumes expanded 2.5 times over the previous year.
The price hike that we've taken is close to 2%. Commodity and the labor cost and the fuel cost increase is far higher than that. It's in high single digits, and it's changing day by day.
We are all acutely aware of the opportunities that exist in some of the other categories which are growing faster and where we are relatively underrepresented.