Hero Electric Eazy

Thursday, 17 October 2024 05:58 AM Hero Electric dealers are seeking settlement of pending dues, alleging that the company owes them Rs 500 crore in advances for electric two-wheelers. The dealers also complain about the halt in production and lack of parts for warranty claims.

Monday, 14 October 2024 03:35 PM Hero Electric has approached the Ministry of Heavy Industries to resolve the ongoing dispute over subsidy misappropriation. The company has suggested several options, including imposition of a fine, adjustment of subsidy amounts, and third-party reinvestigation to settle the dispute. Hero Electric is also seeking the release of pending subsidies worth Rs 556 crore.

Thursday, 10 October 2024 08:30 PM Hero Electric announced its entry into the premium segment under the A2B brand, aiming to introduce a diverse portfolio of premium electric bikes, scooters, and other variants. This move is part of their de-aggregation strategy to cater to multiple segments in the electric mobility space.

Friday, 20 September 2024 06:37 AM Hero Electric has resumed production and is seeking up to Rs 200 crore to boost output. Despite a 56.3% month-on-month drop in electric two-wheeler sales in June due to price hikes, the company remains optimistic about its future plans.