Hero Electric is getting great response from customers. As a result of this, the market share of the company is also increasing rapidly. Hero Electric currently has a market share of 36 percent in the electric vehicle segment. In the current financial year, the company has sold more than 50 thousand EVs (bikes / scooters) so far. Along with this, customers buying the company’s EV now also have to wait a long time for their favorite Hero Electric EV.

Company increasing production capacity
The company’s sales stood at 50,331 units till the end of October 2021. Keeping in view the increasing demand, the company is increasing its production capacity. Looking at the company’s current production capacity expansion, it is being estimated that the company is now in a position to manufacture 5 lakh electric scooters a year.

long waiting period
Hero Electric is very much liked by the customers and their waiting period has also increased a lot. Sohinder Gill, CEO of the company said, “We are extremely happy to have delivered 50 thousand bikes to the customers, but we also apologize to those 16500 customers due to the long waiting period of delivery and may be a few more weeks to these customers. Have to wait.’ Along with this, he also said that the company is working on increasing the capacity at the earliest, so that the customers can get the Hero bike of their choice at the showroom itself.

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Easy to maintain electric vehicle
With a focus on increasing the domestic production of Electric Vehicles, the company is offering its customers a wide range of Electric Two Wheelers. With this, the company is all set to take advantage of the growth happening in the industry. Car buyers are also now hesitant to buy petrol cars and due to this also there is a boom in the sale of electric vehicles. The special thing is that maintaining electric vehicles is also not very expensive.

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