Hero Electric announces its tie-up with Axis Bank. As a part of this collaboration, Hero Electric aims to offer easy and hassle-free retail financing solutions for its entire product portfolio. Interested customers can opt for this financial help by visiting any of Hero Electric’s 750 dealerships across the country. To ensure an enhanced and hassle-free experience, this financial offering will include minimal documentation. Axis Bank will also offer customized loan amounts and flexible tenure for both customers and dealers. Given the rising demand for electric vehicles in the country, this collaboration will attract more customers to join the EV movement.
With the rise in demand for EVs in the market, Hero Electric aims to grab a larger share in the market. The company is currently India’s largest EV maker and plays an important role in the electric revolution of two-wheelers in India. Hero Electric taking the advantage of the early-mover strategy has penetrated its presence in large parts of the country.
With over 4 lakh EVs plying on the Indian roads, Hero Electric has been delivering sustainable travel solutions. Being a 14-year old company, especially in the electric mobility business, does help in proving its legacy. With the recent Union Budget pushing for battery swapping and electric mobility, this is a big boost for all EV makers in the country. Hero Electric will aim to expand its business by adding more dealerships and service outlets across the country.
The future is very much in the hands of electric vehicles. Very soon, electric vehicles will dominate the sales figure, ultimately making ICE vehicles a talk of history. And this trend is pretty much relevant across the entire world. In fact, in many western countries, EVs are already dominating the sales figure. Hero Electric, along with a host of other EV makers, are the driving force of this segment in the country. And for India as well, the trend of EV adoption is pretty picking up the pace.
Also Read: 10,000 Hero Electric Nyx e-2W to be leased by 2023.