Hero MotoCorp leadership has publicly stated the intention to expand the Vida range downward into higher-volume price points. The current Vida V2 starts at Rs 1.11 lakh, and an entry below that would bring Hero into direct competition with the Bajaj Chetak, TVS iQube S, and the incoming Ather EL01. Specific specifications have not been disclosed and the product has not been officially revealed. 

Given Hero's manufacturing scale and component sourcing capabilities, a competitive sub-Rs 1 lakh price point is feasible, but nothing is confirmed on specs, design, or timeline beyond leadership intent.