With this collaboration along with the expansion of their existing Ludhiana facility, Hero expects to manufacture over 1 million EVs per year by 2022.
The partnership will enable customers to avail a fully digital and paperless loan procedure with on-the-go financing options available 24 hours across the country.
SpareIt locate app will integrate fleets and customers for garage discovery and service calls to make EV owning experience seamless.
As part of the collaboration, SpareIt will offer these garages as private garage owners for Hero Electric's B2B and B2C clients.
Even though the current market size of e-2Ws are negligible when compared with the petrol-run 2Ws, its growth is coming at a time when demand for the latter is witnessing a continuous decline.
As part of the partnership, in the first year of collaboration, Charzer will install 10,000 charging stations across the top 30 cities.
Retained top spot in electric two-wheeler space with sales of over 6,500 units in September: Hero Electric
The overall rise in demand for electric vehicles fuels the growth for Hero Electric high speed vehicles, securing its top position in the segment, the company said in a statement.
Through this collaboration, Hero Electric looks to ramp up the charging infrastructure across the country to help drive and encourage adoption of electric mobility.
Hero Electric’s aggressive expansion plans come on the back of blockbuster sales achieved by newcomer Ola Electric.
The company had sold 3,270 units in the first half of last year amid disruptions due to the outbreak of coronavirus pandemic.
Under the new prices, the Photon HX model will be available at Rs 71,449 as compared to Rs 79,940 earlier.