Hero Electric has announced that it will not increase the prices of its e-scooter models despite the recent reduction in the FAME II subsidy. The company said it remains dedicated to promoting the adoption of E2Ws and dispelling misconceptions about their cost of ownership. The Government of India recently reduced the subsidy for E2Ws under […]
Hero Electric Set To Roll Out Over 10 Lakh Vehicles Annually In Next Two-Three Years – EQ Mag
In the ongoing fiscal, the company expects to end with over 1 lakh units sales and in 2023-24 it could be around 2.5 lakh units Hero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India. The […]
Exicom Signs Pact With Hero Electric To Supply Battery Management Systems – EQ Mag
Hero Electric intends to purchase 5 lakh units of Exicom Battery Management Systems per annum, the company said in a statement. Electric vehicle charger and lithium-ion battery maker Exicom on Tuesday said it signed an agreement with Hero Electric to supply its battery management systems. Under the agreement, Hero Electric intends to purchase 5 lakh […]
EV sector hiring set to gain momentum next year – EQ Mag
Electric vehicle (EV) makers and related corporations are set to go on a hiring drive in 2023 when extra inexperienced autos are anticipated to hit the street amid growing push in the direction of environmental sustainability, rising gasoline costs, and coverage measures drawing important investments. Hiring within the sector is seen rising by 40-50% within […]
Hero Electric to invest Rs 1,200 crore to set up EV plant in Rajasthan – EQ Mag Pro
Hero Electric signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit. Electric two wheeler maker Hero Electric on Monday said it will set up a Rs 1,200 crore two million units per annum mega electric vehicle (EV) manufacturing hub in Rajasthan. The company said it has signed a Memorandum […]
Hero Electric set to partner with Jio-bp for 2-wheeler EV adoption – EQ Mag Pro
-Partnership to boost electric two-wheeler charging and swapping infrastructure- Mumbai / New Delhi : In a development that is expected to boost electric vehicle (EV) adoption and mobility in India, Hero Electric is set to partner with Jio-bp to strengthen mobility solutions for electric two-wheelers. Under this proposed partnership, the customers of Hero Electric are […]
Hero Electric sells close to 9K EV 2-wheelers in July, tops segment – EQ Mag Pro
Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data has revealed. Ather Energy sold just 1,279 EV two-wheelers for the full month of July from selling 3,829 vehicles in June — a massive drop in numbers — followed by […]
Shadowfax receives 100 electric scooters from Hero Electric – EQ Mag Pro
Crowdsource platform for last-mile delivery Shadowfax received the first batch of 100 electric scooters from Hero Electric. The first batch of 100 e-scooters was delivered by Hero Electric to Shadowfax, a crowdsource last-mile delivery platform in Bangalore under a partnership between the two companies. As part of the partnership announced in April this year, Hero […]
Hero Electric begins work on second manufacturing plant in India – EQ Mag Pro
The upcoming greenfield plant will aid in delivering the best mobility solution and catering to the spurred demand for electric two wheelers, he added. Hero Electric on Thursday said it has commenced work on the second manufacturing plant in the country in Ludhiana, Punjab. The upcoming plant is adjacent to the company’s existing facility and […]
Hero Electric rolls out first batch of e-scooters from Mahindra’s Pithampur facility in MP – EQ Mag Pro
The company had earlier signed a 5-year partnership with Mahindra as part of its growth and expansion plans to cater to the growing demand for electric two-wheelers in the country. EV maker Hero Electric on Monday said it has rolled out its first batch of e-scooters from Mahindra Group’s Pithampur manufacturing facility in Madhya Pradesh. […]