Hero Electric has recently stated that it has maintained its top position in the two-wheel electrical market with sales last month exceeding 6,500 units. In a statement, the business stated that the total increase in demand for electric vehicles drives growth for high-speed Hero Electric vehicles, therefore securing their top position in the sector. For more on Hero Electric E2W sales, please read the whole article.
Sales of Hero Electric E2W
The city-based scooters Optima and NYX are still driving sales in the high-speed category, it claimed. By the completion of the fiscal year 2021-22, the company hopes to have 1,000 sales touchpoints. The company will add 300 new sales touchpoints countrywide.
Sohinder Gill, CEO, Hero Electric said, “We strongly believe that a robust and well-equipped network is the key to a satisfied customer as everything cannot be explained on a virtual platform. Our well-trained sales and service centers are ready to answer any queries a customer may have about our electric scooter operation, user interaction, and maintenance.”
When it comes to the electric vehicle market, compression and consumer-friendly laws have seen the most growth, helping to drive demand for greener transportation options. Hero Electric CEO Sohinder Gill said, “With higher awareness and stronger infrastructure, the company has achieved a larger selling volume and looks upward growth trajectory going forward.”
He stated that the company looks forward to a festive season and is all ready to meet the country’s expanding demand for electric two-wheelers. Hero Electric has recently announced the increase of its production capacity of 5 lakh units by March 2022 with the aim of expanding and satisfying the growing demand for electric two-wheelers.
High-speed electric scooters sales over 15,000
In August, in the first half of the year, Hero Electric saw sales of over 15,000 high-speed electric scooters. There were only 3,270 units sold last year due to a global coronavirus pandemic, which occurred in the first part of last year. Sales of high-speed electric 2-wheelers increased by almost 4,500 units in July this year compared to 399 units in the same month last year after the second wave of COVID-19, according to the company’s statement.
Hero Optima HX Dual battery bikes delivered to D-Man Services Private Limited
In last month, the company had announced that it has recently delivered Hero Optima HX Dual battery bikes to D-Man Services Private Limited an Uttar Pradesh-based private ltd. Recently, it has delivered 100 Hero Electric bikes to Lightning Logistics. It has partnered with Lightning Logistics to strengthen its mission towards zero emission.
Hero Electric 100 bikes delivered to Lightning Logistics
Recently, Hero Electric had delivered 100 Hero Electric bikes to Lightning Logistics. It has partnered with Lightning Logistics to strengthen its mission towards zero emission.
Setting up 10,000 EV charging stations by 2022
The company recently announced that it will expand the existing charging infrastructure in India by establishing 10,000 EV charging stations by 2022. The new move was revealed through a partnership between Hero Electric and Massive Mobility, a Delhi-based EV charging company.
The company also noted that its new set-up will be available to all EV owners and will therefore contribute to ‘standardization between manufacturers.’ Massive Mobility, Hero Electric’s latest EV partner, is a startup that seeks to build a ‘smart connected network’ for all 3 and 2-wheeler EVs charging requirements. It allows EV owners to use its cloud-based solutions for charging points and parking services.
Hero Electric has raised Rs 220 crore in a Series B round of funding sponsored by Gulf Islamic Investments (GII) from the United Arab Emirates. By 2025 Rs 700 crore is to be invested in the development of its operations, including the establishment of a new factory with a yearly capacity of 10 lakh units and an upgrader to 3 lakh units per year from now 75,000 units in Ludhiana.
In 2025-26, it intends to sell roughly 10 lakh units a year. It is also preparing for the expansion of its electric two-wheeler research and development (R&D), marketing, dealer network expansion, supply chain, and charging stations. “Hero is aiming to sell more than one million units per year over the next few years,” said Naveen Munjal, Managing Director of Hero Electric.