Hero Electric posts over two-fold jump in festive season retail sales
Hero Electric on Wednesday reported over two-fold jump in festive season retail sales at 24,000 units during October 1 to November 15, 2021.
The company had clocked 11,339-units in the same period a year ago, the company said in a statement.
The recent amendment in FAME II policy (Faster Adoption and manufacturing of electric vehicles in India), which offers increased upfront incentives for electric two-wheelers and rising fuel prices has propelled the demand for electric vehicles resulting in heightened demand, the company said in a statement.
Commenting on the sales performance, Hero Electric CEO Sohinder Gill said, “we saw two clear indicators in our showrooms this festive season.
