Hero Electric

Ola Electric continues to lead the market with nearly 24.5% market share in November

Government awaits FAME II dues worth Rs 300 crore from Hero Electric, Okinawa and Benling

To be sure, OEMs which are yet to repay the government, have contested the government’s claims and some of them have already taken legal recourse to resolve the issue.

Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes: Officials

The Ministry of Heavy Industries (MHI) in India launched the Electric Mobility Promotion Scheme (EMPS) in March 2024

Ministry bars Hero Electric, Benling India from EV incentive schemes over default: Report

This action follows the ministry’s findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, the report added quoting senior officials.

EV two-wheeler sales up by 26% at 81,577 units in January, Ola Electric breaches 32k mark

With continued government support like the PLI scheme coupled with innovative products, the industry is set to reach 8.5 lakh units in FY 2023-24, analysts say

Davos 2024: Clear winner in India's EV industry is yet to emerge, says Hero Motocorp's CEO Niranjan Gupta

Hero MotoCorp's Niranjan Gupta said that the company will increase its focus on electric vehicles in the long run, in addition to investing in premium vehicles and digitisation.

FAME subsidy row: EV makers urge Centre to allow rebate refunds from customers

In a letter to Minister of Heavy Industries MN Pandey, the Society of Manufacturers of Electric Vehicles (SMEV) said the customers who have taken such subsidies can be asked to return these to the affected OEMs.

Centre to recover Rs 469 cr from 7 electric 2W makers for non compliance with FAME II

To promote electric and hybrid vehicles, a Rs 10,000-crore programme under the FAME-II scheme was announced in 2019.

More EV companies to face action over 'alleged misappropriation' of funds: Report

The government has told four additional EV companies to return subsidies that they incorrectly received and to explain why they should not be disqualified from the FAME scheme, according to the news channel's sources.

FAME-II scheme case: Hero Electric CEO says not received any notice for subsidy recovery; awaits quick resolution

Hero Electric CEO Sohinder Gill said the company awaits "any formal communication from MHI towards quickly resolving the subsidy deadlock." The statement comes just days after reports of an investigation ordered by MHI showed the two companies "allegedly used multiple imported components in electric two wheelers, violating norms."

Ola Electric & TVS drive E2W sales to 85,802 units in March

With the sustained demand for electric two-wheelers, industry analysts reckon that the market is set to expand further in the coming months.

FAME scheme case: Govt mulls clawback of subsidies, FIR against Hero Electric, Okinawa

Hero Electric and Okinawa allegedly claimed subsidies of Rs 250 crore for imported components, but declared the consignments as being made indigenously, CNBC TV-18 reported, citing sources who are privy to the investigation details.

Hero Electric looks for a sales uptick with the rollout of next-gen Optima and Nyx

The company is keen to regain lost market share, having slipped to fourth position from being the third-largest player.

February E2W sales: Ola retains top spot, TVS outsells Ather to grab second position

The total number of electronic two-wheelers sold last month was almost double the number of units sold during February 2022 at 35,709 units, and just a notch above 64,595 units sold in January 2023.

Hero Electric partners with Dhoot Transmission for wiring harness solutions

The company's products will be equipped with the latest wiring harnesses of Dhoot Transmission under the partnership, it said in a statement.

Electric two-wheeler sales to touch 22 million by 2030

The government has been the force behind EV adoption with schemes like FAME and PLI, which should be continued for the next few years, a report by Redseer Strategy Consultants has said

Hero Electric enters into long-term partnership with Maxwell for battery management systems

Under the partnership, Maxwell will supply more than 10 lakh units of its battery management systems (BMS) over the next three years to Hero Electric, the company said in a statement.

Exicom signs pact with Hero Electric to supply battery management systems

Under the agreement, Hero Electric intends to purchase 5 lakh units of Exicom BMS (Battery Management Systems) per annum.

E2W sales at 64k in December, cross six lakh mark in CY2022

The data also showed that Ola Electric retained the market leadership position, having delivered 17,279 units of the S1 and S1 Pro electric scooters during December

Will continue to use Hero brand name for E2Ws: Naveen Munjal, MD of Hero Electric

The company has no plans to get into manufacturing batteries to power electric two-wheelers, preferring to leave that to specialists that spend thousands of crore rupees on research and development every year.

E2W sales fall flat in November, dragged down by Okinawa

In the current financial year, the E2W industry has clocked a volume of around 4.3 lakh units till November, and with four months left, total sales may fall 20 percent short of the 1 million units projected by both NITI Aayog and SMEV.

Hero Electric partners with Battrixx to launch lithium-ion batteries for electric two-wheelers

As a result of this partnership, Hero will enhance battery safety, reliability, and performance as well as meet the rising e2W demand through an aggressive production line-up.

Hero Electric enters into 'preferred partner relationship' with NIDEC Japan

Under the partnership, NIDEC's electric motors will be deployed on Hero Electric's city speed range of e-bikes with the roll-out of the product expected in February 2023

Electric two-wheeler sales breach 75k mark in October, industry body cautiously optimistic

Industry observers say the surge is largely on the back of multiple product rollouts, enhanced production capacity, wider range of options and the festival season demand

Hero Electric to set up EV manufacturing plant in Rajasthan

Spread across 170 acres, the Rs 1,200 crore facility will start commercial production by end of 2023