Hero Electric clocks retail sales of 24,000 units in festive season
Date: 24 Nov 2021
Electric, the largest electric two-wheeler company, clocked 24,000 retail sales
during the festive season. Compared to last year, Hero Electric's festive sales
stood at 11,339-units for the period of October 01 – November 15, 2020.
recent amendment in FAME II policy and rising fuel prices has propelled the
demand for electric vehicles resulting in heightened demand. With strong
government support to the sector, EVs are redefining the mobility space in
India and are now receiving preference for commuting with better infrastructure
Gill, CEO, Hero Electric, said, “We saw two clear indicators in our showrooms
this festive season. A significant percentage of customers chose Hero E bikes
over the petrol bikes and many factored environment and sustainability as
influencing factors in their purchase. This is a good indicator for Hero and
the E2W industry to step into an exponential growth and bring around an EV
revolution that will help reduce air pollution and make our cities a better
Electric’s ‘30 days, 30 bikes’ festive offer aided the upward sales momentum
during this period. Under the offer, every day one lucky customers purchasing a
Hero Electric two-wheeler got a chance to ride home their vehicle free, further
fostering the spirit of a pollution-free festive season.
a strong sales target and market share by the end of FY2022, Hero is targeting
1 million customers in the near future. As a market leader, Hero continues to
further its efforts to develop a robust EV ecosystem by installing charging
infrastructure in major cities and training thousands of mechanics across India
who are presently servicing petrol bikes.