Hero Electric, India’s largest electric two-wheeler company, continued its upward growth momentum with record sales of over 6,500 units in September 2021, according to the latest report by JMK Research and VAHAN dashboard. The overall rise in the demand for electric vehicles fuels the growth for Hero Electric high speed vehicles, securing its top position in the segment.
The company outperformed through the first half of the year with ongoing positive growth momentum in September 2021. For Hero Electric, its city speed scooters Optima and NYX in the high speed category continue to drive the sales.
Commenting on the sales milestone, Mr. 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. We look forward to the festive season and are all geared to meet the rising electric two-wheeler demand in the country.”
With a vision to expand and meet the rising demand for electric two-wheelers, Hero Electric announced the expansion of production capacity to 5 lakh units by March 2022. The company has already executed plans to drive EV adoption in India with the vision of installing 10,000 charging stationsacross India in partnership with Massive Mobility.
Highlights
- Hero Electric retains top position in electric 2W segment; sold over 6,500 High-Speed vehicles in September 2021
- Witnessed a surge in demand for Hero Electric’s most popular bikes – Optima HX and NYX HX across all touchpoints in India
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