Hero MotoCorp Reports 100% Growth In Sales Of Electric Scooters! Sold 533 E-Scooter Per Day
Electric is the future, Tesla founder, Elon Musk had predicted years ago. Naysayers had their way of brushing off those claims. And now we as a humanity are on the cusp of a complete transformation of transportation systems into electric ones. Amended FAME II policy and fuel price fluctuations have helped strengthen the focus on electric vehicles.
This has resulted in an increase in demand. Public transport developments backed by governments and the focus of electric fleets by delivery businesses have fueled the increase in demand. Over time, investments have been enhanced to strengthen charging infrastructure to help reduce range anxiety
Hero Electric Retail Sales Double In Festive Season of 2021
Hero Electric scooter and EV sales numbers have shown tremendous growth this festive season. From October 01 – November 15, 2020, Hero Electric sales stood at 24,000 units. For the same period last year, sales were at 11,339 units.
The festive offer of ‘30 days, 30 bikes’ festive fuelled sales momentum during this period. This offer was designed for customers purchasing a Hero Electric two-wheeler with a chance to get their vehicle free.
Positive outlook on Electric Two-Wheeler segment growth
It should be noted that, in the longer run, Hero targets to add 1 million customers annually. The company is developing a strong EV ecosystem by installing charging infrastructure in major cities. A partnership with EV charging start-up Charzer targets 10k charging stations to start with.
During the initial phase, chargers will be set up across Hero Electric dealerships. Charzer mobile app and website will aid users to find the nearest charging station. The duo targets 1 lakh such stations in the next 3 years. At the same time, the mechanic network is being developed by training those servicing petrol bikes to handle the upkeep of electric two-wheelers.
“We saw two clear indicators in our showrooms this festive season. A significant percentage of customers chose Hero Electric bikes over 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 exponential growth and bring around an EV revolution that will help reduce air pollution and make our cities a better place,” said Sohinder Gill, CEO, Hero Electric.