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Hero Electric records the best calendar sales in 2022 for electric motorcycles


Hero Electric ended calendar year 2022 on a high with sales exceeding the ten thousand mark. As one of the oldest in the electric scooter segment, the company’s cumulative sales have surpassed more than six thousand units since its inception.

Via:
Car table HT

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Update on:
January 3, 2023, 11:18 am

Hero Electric is ready for even more volume in 2023 and has several collaborations done for the same
Hero Electric is ready for even more volume in 2023 and has several collaborations done for the same

However, the previous year also saw Hero Electric among other electric two-wheelers get scanned for embezzlement of FAME subsidies. The company says that this has affected its volume, which is down by almost half from the original plan.

However, electric hero says it’s focused on building a comprehensive EV ecosystem to support the growth of electric two-wheelers, and that has resulted in numerous partnerships over the last year for charging, servicing and licensing. capital. The manufacturer also revealed that the city-speed category and rampant electrification of last-mile delivery fueled the upward trajectory for its sales last year. The improvement of infrastructure and customer awareness has further improved the volume for the company.

Also read: Hero Electric, Okinawa were raided for embezzling FAME subsidies

Fast-growing charging infrastructure and electrification of last-mile delivery vehicles helped Hero Electric drive sales

Fast-growing charging infrastructure and electrification of last-mile delivery vehicles helped Hero Electric drive sales

Speaking about the sales report, Sohinder Gill, CEO of Hero Electric, said: “The electric vehicle business is very different from the ICE vehicle business. We started from the ‘so-called green fields’ but there wasn’t a blade of grass 15 years ago! We must nurture the electric vehicle portfolio like a fragile sapling and also protect it from the surprising headwinds coming from businesses already feeling the heat of exponential electric vehicle growth. . One such obstacle that has stood in our way in 2022 is the carpet-bombing of a carefully curated series of relentlessly malicious campaigns aimed at bringing down the top electric two-wheelers, including both of us, carpet-bombing all ministries and media. These Swiss-based anonymous mailers slowly spread their network to 12 EV players, leaving only legacy players. These devious factors can drag our output down to half of what we planned, but they cannot deprive us of our market leadership. Achieving historic highs under such outliers is not a difficult task and is a solid example of the Heroes team’s tenacity and determination to continue to be true heroes. against all difficulties. We especially thank our network, suppliers and partners for making this possible.”

Hero Electric aims to sell more than five million electric vehicles over the next three years. The company is rapidly expanding its production facilities, dealer network, and staff training to create the ecosystem needed to make electric vehicles more popular. The manufacturer says it aims to re-skill more than 25,000 mechanics to operate on electric vehicles, and aims to install up to 20,000 charging stations through the partnership. The company’s second manufacturing plant is currently under development in Ludhiana.

First published date: January 3, 2023, 11:18 am IST

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