Hero Electric partners with CredR to make e-two-wheelers more affordable

Hero Electric says an instant exchange price quote for existing two-wheelers will encourage more people to opt for e-scooters.
By : HT Auto Desk
| Updated on: 11 Nov 2020, 11:52 AM
File photo of a Hero Electric scooter.
File photo of a Hero Electric scooter.
File photo of a Hero Electric scooter.
File photo of a Hero Electric scooter.

Hero Electric on Wednesday announced its partnership with CredR in a bid to make buying and owning an electric bikes more affordable in the country. This may be especially convenient for prospective customers who already own a conventional scooter which can be exchanged for a new e-bike option.

According to a press statement issued by Hero Electric, interested customers can exchange their existing two-wheelers running on petrol at its dealerships for a new e-bike. Upon a physical inspection of such a vehicle, an instant price quote or estimate will be provided through a proprietary application powered by CredR.

Similar Bikes

Find More Bikes
Battre Electric Mobility Battre Electric Newtron (HT Auto photo)
Battre Electric Mobility Battre Electric Newtron
₹29,900 *Ex-showroom price
Battre Electric Mobility Battre Electric Kross (HT Auto photo)
Battre Electric Mobility Battre Electric Kross
₹35,700 *Ex-showroom price
Battre Electric Mobility Battre Electric Huge (HT Auto photo)
Battre Electric Mobility Battre Electric Huge
₹38,700 *Ex-showroom price
Battre Electric Mobility Battre Electric Montra (HT Auto photo)
Battre Electric Mobility Battre Electric Montra
₹40,700 *Ex-showroom price
Battre Electric Mobility Battre Electric Loev (HT Auto photo)
Battre Electric Mobility Battre Electric Loev
₹59,900 - 62,000 *Ex-showroom price
Battre Electric Mobility Battre Electric Gpsie (HT Auto photo)
Battre Electric Mobility Battre Electric Gpsie
₹64,990 *Ex-showroom price

CredR will then verify the documents and the condition of the petrol two-wheeler and the exchange price will be adjusted against the final price of the electric Hero model chosen.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Currently, this program is only available to interested customers in Delhi NCR, Jaipur, Hyderabad, Bengaluru and Pune.

Hero Electric says that the objective is to further encourage people to choose a cleaner and more affordable commuting option, and to give a chance for them to ride in their existing two-wheelers for a new electric version. "We believe increased consciousness towards safer and affordable means for transportation will make more petrol buyers consider EV," said Sohinder Gill, CEO at Hero Electric. "At this juncture, the instant excahnge scheme from CredR, clubbed with unique leasing and low installments, will only help more people buy a Hero Electric scooter."

First Published Date: 11 Nov 2020, 11:52 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city