Hero Electric Sold 50,000 EV Units in 2020

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Hero Electric, through 2021, plans to expand its Ludhiana-based manufacturing facility from an existing capacity to produce 70,000 units per year to 2.5 lakh per annum

Hero Electric’s sales network has crossed the 600 touch point mark covering 500 towns and cities across the country. The company noted that it sold over 50,000 electric two-wheelers last year thus retaining the top slot in the segment.

“As we come out of an extremely challenging year, we at Hero Electric are extremely proud of what we have achieved. When we were faced with the situation, we had two options at hand, and I am glad we chose to fight it out with our experience and support from each and everyone connected to us,” said Hero Electric Chief Executive Officer Sohinder Gill

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“We are proud to have achieved our goals despite all challenges,” he added.

Hero Electric, through 2021, plans to expand its Ludhiana-based manufacturing facility from an existing capacity to produce 70,000 units per year to 2.5 lakh per annum. The company is aiming to close FY21 with a growth of 15% over last year, a combination of online and offline sales.

The company further said it has added 1,500 new charging points through 2020-21 across various cities. This year the company is looking forward to presenting an exciting lineup of products, Gill added.

Hero Electric has recently partnered with Gurugram-based electric vehicle startup MoEVing. In the next five years, the partnership aims to convert 1,00,000 two-wheeler ICE vehicles used in last-mile delivery to EVs. Hero Electric said that in the immediate term, MoEVing will deploy 1,000 Hero Electric vehicles by FY22 through its technology platform for B2B e-commerce players, retail, third party logistics (3PL) and FMCG companies.

Under the collaboration, MoEVing platform will provide access to data and analytics modules and Hero Electric will help with vehicle and battery performance and other maintenance issues on a real-time basis to further accelerate technology, product, and service improvements.

As a key OEM in the EV space, through this partnership with MoEVing, Hero Electric aims to further drive the adoption of EVs largely among the B2B sector, the company had said in a release.

“The B2B customer is also able to easily comprehend the direct advantage of adopting electric mobility in terms of the savings and contributing to a cleaner environment. The partnership MoEVing will help both the companies achieve its vision of deploying 1-million EV by 2030,” as per Gill.

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