Hero Electric, based in the Ludhiana district of the Punjab state, has become the highest seller of Electric Scooters in India by securing 36% of the Electric Vehicle Market Share in the Indian Market Scenario.
It now has rolled out 4,00,000 scooters on the road, already making the Hero Electric Vehicle brand the leading brand of the EV sector in India. According to company officials, the research data of the market has been released by a boutique firm called JMK Research & Analytics, which is a consultant for international companies over the Solar, Wind & e-mobility sectors.
According to the company officials, the maximum selling record in the country across many centres is now held by Hero Electric for the Fiscal Year 2021. However, the Pandemic period had put a slowdown on the market sector, and the company still managed to roll out 65,000 electric scooters to their satisfied customers.
Consumer preference has turned towards electric vehicles due to the conducive policies for electric vehicles by both the central & state governments; also, the rising fuel prices are a significant factor for the preference for EV’s by consumers.
Hero Electric officials have stated that the company is planning to roll out 10 lakh electric scooters annually by 2025. The company already has 2000 charging stations in place across the centres in the country. The officials also added that they are planning to increase the charging stations to 20,000 in the near future.
Naveen Munjal, Managing Director, Hero Electric, has assured that the company is at the forefront of the two Wheeler EV’s sector thanks to the consumers & the government policies offering support to this EV sector; he added that the company would continue launching campaigns to educate electric vehicle advantages to the general public.
Sohinder Gill, CEO, Hero Electric, has further assured that Hero Electric is the number one in this sector; it also understands its obligation to the consumers & the environment as a whole, also that the company will continually strive to achieve an eco-system to support the transition towards electric mobility easily.
To date, Hero Electric is the oldest & the largest two-wheeler brand in the country has more than 700 dealerships with a wide product range. For the last 14 years, the company has been creating landmarks in Electric Mobility Solutions for the country.