Hero Electric Becomes Highest-Selling EV Brand In India

Hero Electric, India's largest electric two-wheeler company has over 4,00,000 electric vehicles on the roads, and has a whopping 36 per cent market share in the Indian electric vehicle segment. According to a statement from the company, the data has been released by JMK Research & Analytics, a boutique consultancy firm providing research and advisory services to Indian and international clients across solar, wind and e-mobility segments. According to a statement, Hero Electric has sold the maximum electric two-wheelers in 2021 across major centres in the country.

Also Read: Hero Electric Reports 100 Per Cent Jump In Retail Sales

Hero Electric currently has over 36 per cent market share.

Despite a slowdown in market sentiment due to the pandemic, Hero Electric sold over 65,000 electric scooters in 2021 so far, an official statement announced. This increased demand has also been possible due to the conducive policies on EVs by the Central and state governments, apart from rising fuel prices, the company said. With over 2,000 charging stations and over 20,000 more planned in the near future, Hero Electric had recently announced its expansion of manufacturing facilities to manufacture 1 million (10 lakh) EVs by 2025.

Also Read: Hero Electric Reports Strong Sales Growth In October 2021

Naveen Munjal - Managing Director, Hero Electric, said that the company to ramp up production to manufacture over 5 lakh units and over a million every year

Also Read: Hero Electric Targets 1,000 Sales Touchpoints By FY2022

"We are delighted and thank everyone for their support in making Hero, India's no.1 Electric two-wheeler brand. Consumers are becoming more aware to make greener choices that motivate us further to drive the mobility shift. There is an increased demand for EVs over the last few years that has helped us to stay India's largest EV brand. With our varied product offerings and support from the Government, we are leading the change to transform the automotive two-wheeler market and stand at the forefront of this dynamic sector," said Naveen Munjal, Managing Director, Hero Electric.

The company will be launching a host of initiatives and campaigns that continue to create awareness and focus on the innovation that led to catalysing the electrification of the two-wheeler space in India.

Sohinder Gill, CEO - Hero Electric, says that the company is redrawing business plans to retain its leadership position

Speaking on the campaign, Sohinder Gill, CEO, Hero Electric, said, "It's the time to thank our customers who reposed trust in our products and the brand Hero in our journey to the top. I believe that No.1 comes with lots of responsibilities of being the role model for conducting our business in a fair and equitable manner that benefits the customer, the society and the environment. As a leader we will continue to strive for the growth of an eco-system that supports easy and faster transition to electric mobility."

Hero Electric is one of the oldest and India's largest electric two-wheeler company, with over 4,00,000 customers, more than 700 dealerships, and a wide product range. The company's manufacturing facility is located in Ludhiana, and Hero Electric has been delivering sustainable electric solutions for over 14 years.