- Hero Electric plans to add 300 outlets to its network
- Aims to reach 1,000 touchpoints by 31 March, 2022
- Plans to increase production capacity
Hero Electric has announced its expansion plans in India. The electric two-wheeler maker aims to expand its reach to 1,000 sales touchpoints by the end of FY2022 (31 March, 2022). The company targets to open 300 new sales touchpoints across the country. The decision is fueled by consumer-friendly government policies, better infrastructure, and heightened awareness.
Apart from expanding its network, Hero Electric also plans to increase its production capacity. This is aimed to double the sales from last year for the current fiscal year. Speaking on the development, Sohinder Gill, CEO, Hero Electric, said, that the network expansion indicates a positive growth sign for the electric vehicle segment resulting in heightened interest from dealers keen on driving the green mobility shift with Hero Electric.
The company said in its press announcement that it has witnessed a spike in inquiries from entrepreneurs and traditional ICE dealers to set up company-specific large showrooms. The company’s current portfolio in the Indian market comprises Atria, Flash, Optima HX, and NYX HX.
