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Hero Electric sells 15,000 high-speed electric vehicles in H1/2021

Tuesday, 10 Aug 2021
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Electric two-wheeler maker Hero Electric has sold over 15,000 high-speed two-wheelers in H1/2021. The company had sold 3,270 units in H1/ 2020 amid disruptions due to the outbreak of coronavirus pandemic.

In the second wave of COVID-19, it witnessed recovery with sales of over 4,500 high-speed electric two-wheelers in July 2021 as compared to 399 units in July 2020.

The company has already announced plans to expand its existing facility to manufacture over three lakh EVs per year to meet demand and grow 100 percent over 2020.

With the increase in incentives for electric two-wheelers to Rs 15,000 per kWh, against Rs 10,000 per kWh uniform subsidy available earlier along with EV policies by various state governments, the company is witnessing a rise in demand.

 
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