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Hero Electric’s unprecedented initiative to bring affordable electric scooters to the middle class

All electric two-wheelers available in the Indian market have seen a price hike of up to Rs 40,000 after the Centre’s subsidy cuts under the FEM-II scheme. This new price is effective from June 1. The subsidy amount has been reduced from Tk 15,000 to Tk 10,000 per kilowatt hour. A maximum subsidy of 15 percent of the price will be given. In a situation where almost all the companies are hearing the news of increasing the prices of their various e-scooter models, Hero Electric has announced an unprecedented decision.

Hero Electric has kept the prices of its electric scooters varied

Hero Electric said in a press release that it is keeping the prices of its eco-friendly models unchanged even as the government reduces the subsidy on electric two-wheelers. That is, they are against putting additional cost pressure on the pockets of buyers. Definitely a good news for buyers in this bearish market. Hero Electric hopes to attract more customers to their electric scooters.

Incidentally, Hero Electric currently sells a total of five electric scooters in India. Both slow and high speed models are present in it. The company has two low-speed and three high-speed models. Prices start from Tk 72,142. Depending on the model, the range starts from 82 km to a maximum of 165 km.

Incidentally, Hero Electric launched Optima CX5.0 (dual battery), Optima CX2.0 (single battery) and NYX with Japanese and German technology in March. The models come with world-class Japanese motor technology, which will offer a smooth ride. It also features German ECU technology for enhanced performance.

Team NaxonTech
Team NaxonTech
We believe in the power of storytelling to inform, inspire, and transform perspectives. My journey as a content writer began with a fascination for technology, and I have since diversified my skills to cover a wide array of topics. With a keen eye for detail and a commitment to excellence, I strive to deliver content that not only meets but exceeds expectations.


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