Hero Electric in an official statement informed about the roll out of electric scooters from Mahindra’s Pithampur plant. The company said, “We at Electric Mobility strongly believe in strategic partnership to offer “Value for Money” products. We have over 20 strong partnerships with preferred partners in the fields of Charging, Servicing, Rapid Charging, Swapping etc. Relationships are helping us become a leader in this segment.
Sohinder Gill, CEO, Hero Electric said, “EVs are not just for our own benefit but we are creating an EV ecosystem for other manufacturers as well. The tie-up with Mahindra is an alliance that the company is proud of, Gill said, adding that both the teams are working together for seamless integration of the manufacturing process and provide the customer with an equal level of global quality.
Gill said that with this tie-up, we are now moving towards the target of developing a capacity of five lakh units per annum. According to the statement, beyond sharing the space to manufacture the vehicles, the partnership between the two companies will provide a platform for all new electric vehicle manufacturers to work jointly to develop and share the supply chain.
The two companies will strengthen this alliance and also share their research and development expertise to develop new technologies and products for domestic and overseas markets.
Let us tell you that Hero Electric has sold 6,486 units of electric scooters in the domestic market last month (June 2022). With this figure, Hero Electric has become the third largest seller of electric scooters after Okinawa and Ampere. The company had sold only 2,849 electric scooters in May 2022.
However, after the launch of Ola Electric, there has been a decline in sales of many big electric two-wheeler companies including Hero. However, in June 2022, Ola Electric has dropped from the first position to the fourth position. Ola Electric sales fell from 9,916 units in May 2022 to 5,689 units in June 2022.
Last month, Okinawa topped the list with 9,290 electric scooters sold. While Ampere Electric sold 6,534 units. Last month, TVS managed to sell 4,667 units of iQube.