Hero Electric announces new offers for its e-scooters 

Hero Electric has partnered with State Bank of India to roll out fresh offers, discounts and finance solutions for its electric scooters in the country. The company has announced a low EMI option which starts from as low as 251 per 10,000 for four years. This scheme is being offered under SBI Easy Ride Loan.

By: HT Auto Desk
| Updated on: 11 Feb 2022, 14:41 PM
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Hero Electric aims to convert 35% of its sales from the B2B segment by 2025.
Hero Electric aims to convert 35% of its sales from the B2B segment by 2025.

The company is offering an additional 2,000 discount for its e-scooter for the payments done via SBI's YONO mobile application. The company says that this application allows the smooth process of loan with minimum documentation.

Also Read : Hero Electric partners with Alt Mobility to deploy 10,000 EVs by 2023

In a similar development Hero Electric recently also joined hands with 24*7 roadside assistance company ReadyAssist to train and upskill 20,000 mechanics for servicing electric vehicles in the country. The partnership is a part of the EV manufacturer's Private Garage Owners (PGO) initiative.

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Meanwhile, Hero Electric and Mahindra Group have together recently rolled out their first battery-powered scooter - Optima - from the Pithampur factory as part of their strategic partnership. Both the firms have recently also announced a five-year partnership worth around 150 crore.

Also Read : Hero Lectro F2i review: Premium electric cycle for adventure riders

With the help of the joint partnership with the Mahindra Group, Hero Electric aims to produce 10 lakh battery-powered two-wheelers per annum by the end of this year.

First Published Date: 11 Feb 2022, 14:38 PM IST
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