Home-grown electric two-wheeler manufacturer Hero Electric has emerged as the most preferred brand in the country with over four lakh EVs on the road and a whopping 36% market share in the Indian EV segment today, the vehicle maker said, quoting the latest JMK Research & Analytics.
In 2021, Hero Electric has sold the maximum EV two-wheelers across major centres in the country, notwithstanding the pandemic induced slowdown, the company said in a press release.
Riding on the conducive policies by the Central and state governments, apart from rising fuel prices, the company sold over 65,000 scooters in the year starting January 2021.
With an infrastructure of over 2,000 charging stations and over 20,000 in the pipeline, the company had recently announced the expansion of its manufacturing facilities to manufacture over one million EVs by 2025.
Naveen Munjal, Managing Director, Hero Electric, said, “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,” he added.
Sohinder Gill, CEO, Hero Electric, said, “As a leader, we will continue to strive to grow an ecosystem that supports the easy and faster transition to electric mobility. India is on the cusp of a significant revolution in sustainable and zero-emission transport, and we would very much like to be a significant contributor in making our world a better place to live and breathe.'