Hero Electric

Beginning June 1, the FAME-II subsidy will experience a large reduction. In the middle of this, Hero Electric, one of the country's leading EV manufacturers, declared that it will not be implementing any price hike across its model range.

Hero Electric teased a new electric scooter on its social media handle recently. The teaser image depicts an electric scooter that appears to be very similar to the Hero Optima. However, it is unclear whether the upcoming electric scooter will be an updated Here Optima or a completely new model.

Ola Electric holds the top spot in the previous month's two-wheeler sales chart by selling 16,246 units. The second spot was taken by Ampere Electric which sold 12,232 units in November.

Hero Electric’s City Speed range of E-bikes is set to use NIDEC’s electric motors. The roll-out is anticipated in February 2023. It is expected that this partnership with Japan will prove to be resourceful in improving critical supply chain problems in the EV sector.

The partnership between the two home-grown firms will see Mahindra manufacture Hero Electric’s Optima and NYX electric scooters at their Pitampur plant. Mahindra is also expected to develop an EV platform for Peugeot Motocycles with Hero Electric.

Hero Electric has announced an attractive five-year standard warranty across its Lithium-ion battery-powered product portfolio. The comprehensive warranty will cover the entire scooter (except the battery & charger) and will be offered to customers at no extra cost.

Hero Electric has tied up with OTO Capital, an India-based vehicle leasing startup, to provide its customers with flexible & affordable leasing options for its electric two-wheelers. OTO's leasing plans start from a minimum tenure of 12 months and can go up to 36 months.

Honda has accused Hero Electric of copying the design of one of its scooters. The Japanese auto major has sued the Indian electric two-wheeler manufacturer, and is seeking an immediate ban on the manufacturing and sale of its Dash scooter.

How are you managing this tough period? We were on quite a high and were doing great before all this began. On a run-rate basis, we had reached the level of 100,000 units a year, and we closed last year at 50,000

Will the sudden drop in crude oil prices affect electric mobility in the near future? We discuss the same with Mr. Sohinder Gill, CEO, Hero Electric and his plans going forward with electric two-wheelers.