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New Delhi based tech enabled electric fleet start-up for urban mobility, MoEVing - has partnered with Hero Electric , India’s leading EV two-wheeler manufacturer to accelerate adoption of affordable EVs across India. Both companies aim to work together to increase adoption of EVs via new demand and also focus on existing ICE vehicles to convert to EV. In the financial year 2021-22, MoEVing would deploy 1000 Hero Electric scooters through its technology platform for B2B e-commerce player...
Hero Electric enters into strategic partnership with Wheels EMI Pvt Ltd to boost Electric 2W sales
Hero Electric, India’s largest EV two-wheeler company today announced its collaboration with Wheels EMI Private Limited to offer easy financing options for the purchase of electric two-wheelers in India. Hero Electric currently sells over 10,000 two-wheelers every month, of which 40% comes from rural pockets of India. With this partnership, the company expects a rise in sales and is projected to double them over last year by 2021 With rising fuel prices and modification ...
Hero Electric announces expansion of production capacity to over five lakh by March 2022
Hero Electric, India’s largest EV two wheeler maker today announced its commitment to further expand capacity of its all new production facility in Ludhiana owing to growing demand being witnessed by the brand. With this initiative, Hero Electric aims to drive growth in the EV two wheeler sector and plans to subsequently add production capacities of one million every year with a target to manufacture over five million EV 2W per year by 2026. Being market leaders wit...
Hero Electric targets stronger sales and network presence with 1000 sales touchpoints by FY2022
Hero Electric, India’s largest EV two-wheeler company, targets the 1000 sales touchpoints mark by the end of FY 2022. Owning to the rising demand for electric two-wheelers, the manufacturer will open 300 new sales touchpoints across the country. The move is fueled by consumer-friendly policies from the central and state governments, better infrastructure, and heightened awareness. Electric two-wheeler manufactures have been expanding rapidly to meet the consumer demand basis the segment...
Hero Electric, the largest E2W company in India, inked a partnership with Battrixx, an advanced battery pack manufacturer for developing ‘Made in India’ lithium-ion batteries. Conceptualized and designed in-house by the Hero’s R&D team, these are the latest technology batteries electrifying its entire e-scooter range. This partnership supports battery safety advancements, reliability, and performance and fully supports Hero's aggressive production line...
EVs to have a defining FY21: Sohinder Gill
The Indian Electric Vehicle (EV) market has grown by 20% in FY20 over the last year. Electric scooters have contributed towards 97% of the growth. In a telephonic interview, Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV), says that despite the industry expected to lose out six to seven months due to the pandemic, EVs will have a defining FY21 with no de-growth. TOS: A 20% growth in EV sales is promising in FY20. How do you see FY21 panning out conside...
