Hero MotoCorp shares are focused on Wednesday’s session (July 2, 2025) after foreign brokerages remained divided on the stock’s outlook following the launch of the company’s second electric scooter under the Vida brand – the VX2.

The VX2 range is available at a starting price of Rs 99,490 (ex-showroom), however, it is also launched under the battery-as-a-service (BaaS) pricing model, becoming the country’s first electric mobility offering with this option. 

Under the BaaS model, prices begin at Rs 59,490 (ex-showroom), with a battery rental rate of Rs 0.96 per km.

What global brokerages make of Hero MotoCorp?

Citi, resounding its optimism, has maintained its buy call on the stock with the target at Rs 4,900, implying potential gains of nearly 16 per cent from the last close. The brokerage said that the company’s differentiated BaaS offering could drive volumes. Also, it bets on the country’s largest two-wheeler as it perceives the new electric scooter to be competitively priced.

Nomura, meanwhile, has retained its ‘neutral’ rating with the target at Rs 4,614- suggesting possible gains of over 9 per cent from the previous close. 

Another brokerage, Morgan Stanley, however, continued to remain ‘underweight’ on the stock with the target pegged at Rs 3,765 – suggesting a possible downside of 11 per cent from the last close. The brokerage sees the latest electric mobility offering by the company as an interesting launch with BaaS being the key differentiation.

Customer response in key urban markets will be a key to track, it added.