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Hero Electric planning a rapid boost in their production by investing INR 7,00,00,00,000

8th April 2021
"Within 3-4 years, production capacity to be increased to 10 lakh units"

To meet the high demand for electric two-wheelers in the market, Hero Electric is working on increasing its production capacity. 
They are planning to invest INR 7,00,00,00,000 over the next 3-4 years, which will presumably escalate their production from the current 75000 to 10 lakh units.
According to this plan, production should be increased to 3 lakh units, in the first phase alone.

Naveen Munjal, Managing Director of Hero Electric has said " At the current growth rate, the electric two-wheeler market will touch 20 lakh units in five years. With a little bit of a push and more favorable policies, this number could expand to 20% to around 40 lakh units a year"
From 2017 to 2020-21, the overall market for two-wheelers increased from 40,000 to 1.7 lakhs
Hero Electric accounted for 53,500 units of that.
Currently, Hero Electric's two-wheelers range includes only low-speed electric scooters.
They say they will only enter the high-speed segment when there is sufficient demand. 

Compiled by : Reviewer Raj Kapali

Hero Electric- Two New E-Bicycles and A New E-Scooter In India

28th April 2022
"Hero Electric has taken the wraps off Two New E-Bicycles And A New E-Scooter In India."

Hero Electric has taken the wraps off two new electric bicycles which are the A2B Speed and the Kuo Boost and a new electric scooter which has been code-named AXL-HE20.

Hero Electric Scooter: AXL-HE20

Talking about the electric scooter first, the AXL-HE20 is powered by a 4,000-watt motor that makes a maximum of 6,000 watts. Also, it can reach a maximum speed of 85 kmph and has a range of up to 110 km on a single charge. Hero Electric says that the battery on the AXL-HE20 can get charged from empty to full in around four hours. Apart from this, the e-scooter gets regenerative braking as well, improving the performance and charging the battery on the go. The AXL-HE20 also comes with an app that gives it key-less entry, GPS tracking, GPS Route Optimisation, etc. The electric scooter will be connected through the cloud which will help dealers inform owners about service.

All three electric two-wheelers will be launched in India before the year ends. There is no word on the expected prices of these electric two-wheelers as yet.

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Compiled by : Debashish S Neupane Debashish S Neupane