Hero MotoCorp launched India's first flex-fuel motorcycles - Splendor+ and HF Deluxe Flex Fuel models
Motorcycles are compatible with ethanol blends from E20 to E85
India has over 300 million active two-wheelers in its ecosystem
Ethanol blending in India has increased from 1.5% in 2014 to 20% currently
India imports 88.5% of its crude oil requirements
Ethanol blending program since ESY 2014-15 has saved ₹1.84 lakh crore in foreign exchange
Program resulted in 302 lakh metric tonnes of crude oil substitution
Program reduced 909 lakh metric tonnes of CO₂ emissions
Program generated ₹1.58 lakh crore in earnings for farmers
1% adoption of annual petrol vehicle sales in ESY 2026-27 would generate demand for 4 crore litres of ethanol
This would result in payments of ₹266 crore to distilleries
This would save ₹195 crore in foreign exchange
This would reduce approximately 0.28 lakh metric tonnes of crude oil imports
This would achieve net CO₂ reduction of nearly 0.86 lakh metric tonnes
Approximately ₹160 crore would flow directly to Indian farmers instead of going overseas for oil imports
Flex-fuel vehicles have lower manufacturing cost and minimal infrastructure capex compared to EVs
Flex-fuel rollout can be 10-15x faster than EV network deployment
Flex-fuel vehicles depend on homegrown biofuels and avoid battery-related emissions
The press release is Relevant as it contains substantial economic, energy, and agricultural data with specific financial figures and measurable impacts on foreign exchange, farmer incomes, and emission reductions.
