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Business
20 May 2018

Hero Electric to launch new products, a high-speed scooter in-the-works

Hero Electric to introduce new products this year

From cab aggregator Ola to homegrown start-up Ampere, many players are looking to get their electric vehicles on Indian roads.

And Hero Electric, one of the leading electric two-wheeler manufacturers in India, is not far behind either.

The company has said that it will be introducing a host of new products this year, including its much-anticipated high-speed electric scooter code-named AXLHE-20.

Here's more.

In context

Hero Electric to introduce new products this year
About Hero Electric's high-speed e-scooter

Flagship worthy

About Hero Electric's high-speed e-scooter

Hero Electric's upcoming scooter, the AXLHE-20 (codename) will get a 4,000-watt motor.

The motor will generate a peak power of about 6,000 watts and can propel the scooter to a top speed of 85 kmph while giving it a range of 100-110 kilometers on a single charge.

According to reports, the AXLHE-20 will also come with connected technologies including smartphone integration and Bluetooth pairing.

Hero Electric aims to launch more products to boost sales

In a bid to increase sales volumes, Hero Electric plans to launch up to 7-8 new products this year. It has sold over 30,000 e-scooters in FY2018 and aims to triple the sales in FY2019 while targeting six lakh units in annual sales by 2022-23

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Pumping crores

The company looks to invest in R&D and manufacturing

Since 20018, Hero Electric has spent Rs. 400 crore in its business in India.

And now, as the Indian market for electric vehicles looks to grow further, the company plans to invest another Rs. 500 crore over the next few years.

With this investment, Hero Electric will aim to strengthen its manufacturing capacity along with supplementing its research and development capabilities.

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How much mileage can it give in a single charge?

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How much mileage can it give in a single charge?

Asked on 21-05-2018 by Ajith Dibba

Answered by NewsBytes

Hero Electric's upcoming scooter, the AXLHE-20 (codename) will get a 4,000-watt motor. The motor will generate a peak power of about 6,000 watts and can propel the scooter to a top speed of 85 kmph while giving it a range of 100-110 kilometers on a single charge.

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