Hero Electric Attains 1 Lakh Unit Sales Milestone For FY23

Hero Electric has achieved another milestone by crossing the 1 lakh unit sales mark for the second consecutive financial year. This achievement is a testament to the company's commitment to offering clean, green, and affordable mobility solutions to the masses. Hero's impressive sales performance can be attributed to its varied and revamped product portfolio by introducing a focused range of 5 platforms (Photon, Optima, NYX, Eddy and Atria) with multiple variants catering to the diverse requirements of riders.

It has taken a step towards connected vehicle technology by recently launching three new products - Optima CX5.0 (Dual Battery), Optima CX2.0 (Single Battery), and NYX (Dual Battery). The latest Hero Electric two-wheelers have optimised powertrains, and enhanced safety, ushering in a new era of smart-connected mobility.

Sohinder Gill, CEO of Hero Electric, said, "We are thrilled to have crossed Rs.1000 Cr turnover with a 20 per cent increase over the previous year. This achievement is a result of our continued efforts to provide sustainable and affordable mobility solutions. It further fortifies the trust that our customers have placed in us and our products. At Hero Electric, we are committed to providing the best-in-class electric mobility solutions that are not only environment-friendly but also convenient and affordable. The 3 new models that we launched are in line with our philosophy to offer the most meaningful mobility solutions to a value-conscious customer. We will continue to innovate and bring new products to the market that meet the evolving needs of our customers and reduce carbon emissions."

The electric two-wheeler manufacturer continues to invest in expanding its manufacturing capacity and dealership presence and strengthening the EV ecosystem. With an upcoming greenfield plant at Ludhiana and the strategic partnership with the Mahindra Group, the company now has a manufacturing capacity of half a million bikes and plans to set up a greenfield plant in Rajasthan with an annual production capacity of 2 million units. Hero Electric is building a holistic EV ecosystem and is inking partnerships to strengthen financing, charging infrastructure, and service networks. It targets to train/re-skill over 25,000 mechanics under its PGO Initiative aiding in an overall enhanced EV-owning experience. Addressing the needs of range anxiety, Hero has also set itself a target of building a comprehensive charging network by installing up to 20,000 stations by the end of this year.