Hero Electric has crossed the 50,000 unit sales mark for the current financial year with the increase in demand for the current financial year.
see photosHero Electric registers strong sales growth with over 50,000 units in FY22
Hero Electric, India’s leading electric two-wheeler manufacturer, registered sales of 50,331 units as of October 2021. With more than 14 years of operations in India, Hero Electric has announced that the company has witnessed its best ever sales since 2007. According to the company, the highlight of the sales milestone is the response to its City Speed portfolio, with Hero Optima and NYX contributing the most to the sales volume. Hero Electric says that the company is on track to achieve a strong sales target and market share by the end of FY22.
Read also: Hero Electric announces production capacity expansion till March 2022
Hero Electric currently has a market share of over 36 per cent.
Hero Electric currently holds a 36 per cent market share, and has expanded its distribution network to reach new markets and reach a wider audience. The company has partnered with several electric vehicle start-ups to strengthen the last mile delivery market and expand its B2B business. The company says that it is also working on building a robust charging infrastructure across the country through several collaborations.
Read also: Hero Electric to set up 1,000 charging stations in India
Hero Electric CEO Sohinder Gill says that the company is redrawing business plans to maintain its leadership position. Capacity is being increased to meet the growing demand.
Sohinder Gill, CEO, Hero Electric said, “While we are happy to celebrate the delivery of 50,000 bikes to the customers, we apologize to the other 16,500 customers who are on the waiting list for delivery and may have to wait for a few more weeks. We are rapidly enhancing our capabilities to offer our customers the bike of their Hero choice as soon as they visit our showroom.
“It is a moment to acknowledge the positive steps from the government that have catalysed this high growth EV ecosystem, and to thank our customers, our business partners and our all-solid Hero team for reaching this milestone. Have worked so hard.We are soon to have half a million satisfied users, many of them enjoying the comfort and convenience of Hero e-bikes for over 5 years, saving a fortune for themselves while contributing to a carbonless future Huh.”
Read also: Hero Electric targets 1,000 sales touchpoints by 2022
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Hero Electric said in a statement that the company is moving towards its ambition of achieving 1 million (10 lakh) sales in the next five years by expanding its product portfolio and sales touchpoints. Hero Electric currently has over 700 sales and service outlets spread across the country, with an extensive charging network and trained roadside mechanics on EVs. The company has its manufacturing unit in Ludhiana, and sells a wide range of electric scooters to a diverse segment of customers. The company intends to double its current sales and has recently announced capacity expansion to manufacture 5 lakh electric scooters every year.
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