Hero Electric on Wednesday reported a doubling of holiday season retail sales to 24,000 units from Oct. 1 to Nov. 15, 2021. The company had 11,339 units in the same period a year ago, the company said. company in a press release.
The recent change in the FAME II (Faster Electric Vehicle Adoption and Manufacturing in India) policy, which offers increased initial incentives for electric two-wheelers and rising fuel prices has propelled the demand for electric vehicles, resulting in a increased demand, the company said in a statement. declaration.
Commenting on the sales performance, Hero Electric CEO Sohinder Gill said, “We have seen two clear indicators in our showrooms this holiday season. A significant percentage of customers have chosen Hero E bikes over gasoline bikes and many factors have considered environment and sustainability as purchasing factors. “This is a good indicator for Hero and the E2W industry. ‘Enter into exponential growth and bring about an electric vehicle revolution that will help reduce air pollution, he added.