Hero Electric E2 Series

Thursday, 14 November 2024 11:20 PM Hero Electric is set to launch several new electric scooters in India between 2024 and 2025, including the AE-3, A2B, Axlhe 20, AE-8, and AE-75. The AE-3 is expected to launch in December 2024 with a price tag of around Rs. 1.50 lakh, while the AE-8 is slated for February 2025 at Rs. 70,000 onwards. This expansion is part of Hero Electrics strategy to strengthen its presence in the Indian electric two-wheeler market. I think this diverse lineup will help Hero Electric cater to a broader range of customers.

Friday, 12 July 2024 05:34 PM Hero Electric has been facing challenges due to allegations of violating FAME II manufacturing norms. The Ministry of Heavy Industries issued show-cause notices to Hero Electric and other leading electric two-wheeler manufacturers for using imported components instead of sourcing them locally. This has led to a significant decline in their market share. I believe resolving these compliance issues is crucial for Hero Electrics future growth.

Friday, 12 July 2024 01:41 PM Hero Electrics market share has declined significantly due to intense competition from brands like Ola and TVS, which offer better affordability and extensive service networks. I think Hero Electric needs to innovate and improve its product offerings to stay competitive.

Friday, 05 May 2023 08:14 AM The Indian governments subsidy scheme under FAME II has had a mixed impact on Hero Electric. While the subsidies helped lower the sticker prices and make electric two-wheelers more affordable, recent violations and subsequent actions have affected the companys market position. I think Hero Electric needs to focus on compliance and product quality to regain its market share.