Hero Electric Report Retail Sales Increase 100 Per Cent
Compared with sales of 11,339 units during the holiday season a year ago, Hero Electric recorded retail sales of more than 24,000 units this year.
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Hero Electric is India’s leading electric two-wheeler company
Hero Electric, India’s leading maker of electric two-wheelers, hit retail sales of 24,000 units during this year’s holiday season. According to the company, compared to last year, when Hero Electric’s holiday sales reached 11,339 units between October 1, 2021 and November 15, 2021, retail sales growth has slowed down. more than double. The company said the recent amendment to the FAME II policy and rising fuel prices have boosted demand for electric vehicles, resulting in increased demand. With strong government support for this sector, electric vehicles are redefining the mobility space in India and are now getting priority for travel with better infrastructure and awareness. .
Also read: Hero Electric reports strong sales growth
Sohinder Gill, CEO, Hero Electric, said, “We’ve seen two clear indicators in our showrooms this holiday season. A significant percentage of customers have chosen Hero bikes. E instead of gas bikes is a good indicator for Hero and the E2W industry to enter exponential growth and bring about the EV revolution that will help reduce air pollution and transform our cities we become a better place.”
Also read: Hero Electric targets 1,000 sales touchpoints by fiscal year 2022
The company said in a statement that Hero Electric’s ’30 Days, 30 Bikes’ festival has supported the upward sales momentum during this period. According to the offer, every day, a lucky customer who buys a Hero Electric two-wheeler has the opportunity to drive home for free, invigorating a pollution-free festival season. Pursuing the goal of increasing sales and market share by the end of fiscal year 2022, Hero Electric is targeting 1 million customers in the near future.
Also read: Hero Electric sets up 10,000 charging stations across India
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Hero Electric is one of India’s oldest and largest electric two-wheeler companies, with a manufacturing facility in Ludhiana. Hero Electric currently has 700 sales and service stores that are expanding and rapidly expanding across the country, and offer a wide range of electric two-wheelers to different customers at different prices. With over 400,000 electric two-wheelers in India, over the past 14 years, Hero Electric has played an important role in developing and driving the electric vehicle market in the country.
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