Hero Electric attains 1 lakh unit sales milestone for the second year in the row for FY23
The company has crossed the Rs 1,000 crore turnover with a 20 percent increase over the previous year.
India’s largest electric two-wheeler manufacturer, has crossed the 1 lakh unit sales mark for the second consecutive financial year, on the back of its varied and revamped product portfolio.
Hero Electric has introduced a focused range of five platforms (Photon, Optima, NYX, Eddy and Atria), with multiple variants catering to the diverse requirements of riders.
It has taken a step towards connected vehicle technology by recently launching three new products - Optima CX5.0 (Dual Battery), Optima CX2.0 (Single Battery), and NYX (Dual Battery). The latest Hero Electric two-wheelers boast a best-in-class optimised powertrain, and enhanced safety.
The press release notes that the company has crossed the Rs 1,000 crore turnover with a 20 percent increase over the previous year.
Sohinder Gill, CEO of Hero Electric, said they we, " At Hero Electric, we are committed to providing the best-in-class electric mobility solutions that are not only environment-friendly but also convenient and affordable. The 3 new models that we launched are in line with our philosophy to offer the most meaningful mobility solutions to a value conscious customer."
With the Government's push towards promoting electric vehicles and the increasing demand for clean and sustainable mobility solutions, Hero Electric is well-positioned to strengthen its position as a leading player in the industry.
RELATED ARTICLES
MG Group Unveils TIGRA Super-Premium Coach, Launches New Corporate Identity
Company introduces luxury intercity vehicle manufactured at Belagavi facility for domestic and international markets.
"Three to Six Months”: Epsilon’s Handa Warns the Graphite Crisis Is Closer Than We Think
Epsilon MD Vikram Handa warns that geopolitical control tactics seen in rare earths are now mirrored in graphite, urging...
Varroc Engineering Faces Arbitration Over Alleged Covenant Breaches; OPmobility Seeks Over $66 Million
ICC Court of Arbitration issues notice over a securities agreement dispute; VarrocCorp Holding B.V. and parent company e...