Hero Electric claims record sales of 6,500 high-speed e2Ws in September

The demand for its city speed scooter Optima and Nyx led the sales for Hero Electric.

Autocar Pro News Desk By Autocar Pro News Desk calendar 06 Oct 2021 Views icon6754 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Hero Electric has announced it has recorded a new  monthly sales high: 6,500 high-speed electric two-wheelers in September, according to the latest report by JMK Research and VAHAN dashboard.

The OEM says there has been an overall rise in the demand for electric vehicles. The demand for its city speed scooter Optima and Nyx led the sales for Hero Electric.

Sohinder Gill, CEO, Hero Electric said, “Hero Electric has been on the forefront and leader in embarking the journey towards EV adoption in India. The industry has seen its biggest growth for EVs pertaining to the compressive approach and consumer-friendly policies, further propelling the demand for sustainable mobility solutions. With the increased awareness and better infrastructure, Hero Electric achieved a larger sale volume and eyes upward growth trajectory in the coming months.” 

Hero Electric has announced the expansion of production capacity to 500,000 units by March 2022 and installing of 10,000 charging stations across India in partnership with Massive Mobility.

In July, Hero Electric announced the first part of its Series B funding of Rs 220 crore. Gulf Islamic Investments (GII) led the round along with participation from OAKS.  The company , which has retained its title of the No. 1 e-two-wheeler OEM in first-half 2021, plans to use the new funds towards expanding production capacity, further strengthen market leadership, invest in futuristic technology and also grow its footprint across India-like markets.

To achieve speedy growth and double sales every year, the company plans to make significant additions to its manufacturing capacity by setting up multiple plants over the next couple of years. It will also focus on India-centric, flexible, and cost-effective innovations that will drive the growth of electric mobility which is in line with making India the EV hub of the world.

ALSO READ 
Hero Electric plots aggressive expansion, gets Rs 220 crore funding

RELATED ARTICLES
Omega Seiki to invest Rs 800 crore in EV powertrain and battery plants

auther Autocar Pro News Desk calendar29 Jan 2023

EV manufacturer to set up greenfield plants for EV components in Haryana and Maharashtra; will produce e-powertrains fro...

Orbitsys Tech’s CRM solutions optimise dealer management for smaller OEMs in India

auther Autocar Pro News Desk calendar29 Jan 2023

Gurgaon-based dealer-networking solutions provider is enabling new OEMs to expand swiftly by using its cost-efficient, f...

Murugappa Group acquires electric tractor start-up Cellestial E-Mobility

auther Autocar Pro News Desk calendar27 Jan 2023

The Group’s EV arm TI Clean Mobility, which currently holds 69.96% of Cellestial E-Mobility, acquires the remaining 30.0...