Hero MotoCorp CEO says biofuels are best for immediate carbon reduction, flex-fuel vehicles cost only 3-4% more than ICE models
businesstoday.inHero MotoCorp CEO Harshavardhan Chitale made the case for biofuels as the best near-term option for cutting carbon emissions in India's automotive sector. Speaking at the BT India's Most Sustainable Companies Summit, he said flex-fuel vehicles currently cost only 3-4% more than conventional internal combustion engine models, and that premium should disappear as production scales up. Chitale acknowledged that large-scale electrification is needed for net-zero goals, but argued biofuels offer immediate reductions while the transition takes time. The company has already cut carbon emissions by 45% from baseline levels and achieved 500% water positivity, replenishing five times more water than it consumes. Hero MotoCorp also reached 95% product recyclability, well above the industry standard of 80%. Chitale pointed to Brazil as an example where multiple fuel pathways coexist, suggesting India needs a mix of solutions rather than betting on a single technology.
