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    Hero Electric Launches 2023 Optima CX2.0, CX5.0, Nyx CX5.0

    Hero Electric – Updated 2023 Optima CX2.0, Optima CX5.0, and Nyx CX5.0 electric scooters2023 Hero Electric Scooters LaunchedHero Electric updates its Optima and Nyx scooter range with the launch of Optima CX2.0, Optima CX5.0, and Nyx CX5.0. The prices for these scooters are yet to be announced. With electric scooters being an ever-growing segment, price competitiveness is key. The electric car manufacturer says its Comfort and City speed scooters are now available at a price range of Rs 85,000-95,000, and Rs 1,05,000-1,30,000, respectivelyHero Electric Optima CX 2.0: Price, Specs, Mileage, Colours2023 Hero Electric Optima CX2.0 features a single LFP battery, with a range of 89 km. It has a 2 kWh lithium-ion battery and a 1.9 kW motor, with a top speed of 48 kmph. The full charge time is 4.5 hours, and it weighs 93 kg. The scooter also includes features like CBS, side-stand sensor, drive mode lock, and reverse roll protection.2023 Hero Electric Scooters LaunchedOn the other hand, the Hero Electric Optima CX5.0 and Nyx CX5.0 come with dual LFP batteries. Optima CX5.0 has a range of 113 km on a single charge, a 3 kWh lithium-ion battery, a 1.9 kW motor, and a top speed of 55 kmph. It weighs just over 100 kg and has a full charge time of 3 hours, with a dual charger setup. Nyx CX5.0 has a top speed of 48 kmph, and a range of 113 km on a single charge. It weighs 106 kg with a 3 kWh lithium-ion battery. Full charge time is pegged at 3 hours. 2023 Hero Electric Scooters Launched2023 Hero electric Optima CX2.0, Optima CX5.0, and Nyx CX5.0 e-scooters – Ground ClearanceHero Electric has focused on ensuring customer safety with specific features. They include battery safety alarm, drive mode lock, reverse roll protection, and side-stand sensor. Nyx CX5.0, has a ground clearance of 175 mm, highest for this range. Ground clearance for both the other models is 165 mm.Optima CX5.0 is available in Dark Matt Blue and Matt Maroon. Optima CX2.0 comes in Dark Matt Blue and Charcoal Black. Nyx CX5.0 is available in Charcoal Black and Pearl White.Hero Electric Optima CX and Nyx Electric ScootersHero Electric plans to set up a new greenfield plant in Rajasthan with an annual production capacity of 2 million units, with an investment of around Rs 1,200 crore. The company has a brand new modern factory under construction at Ludhiana. Plans are afoot to manufacture 10 lakh vehicles annually in the next 2-3 years from its manufacturing plants in India.In conclusion, the Hero Electric Optima and Nyx range offers a range of features and benefits, with a focus on customer safety and the country’s electric mobility mission. With the addition of new models and plans for expansion, Hero Electric is committed to providing sustainable transportation solutions in India. More

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    Hero Electric Launches Free Electric Scooter Offer In Kerala

    This special offer is only applicable to customers from Kerala to mark the celebrations of Onam festivalImage – Crazy MotorsHero Electric is spawned from the same Munjal family, as that of Hero MotoCorp. Munjal Brijmohan Lall Munjal’s company is now Hero MotoCorp and Dayanand Munjal’s company is now Hero Electric. Both companies come under separate umbrellas now and have various sub-brands as well.EV-only brand Hero Electric is one of India’s oldest 2W electric vehicle companies. This is reflected in sales figures too as Hero Electric is currently the highest-selling electric 2W brand in India. This spot was previously held by Okinawa. But the company is now implementing innovative ways to push EV sales.Hero Electric New Offer – Free Electric ScooterOnam is one of Kerala’s most celebrated festivals. Hence, to push sales on this auspicious event, Hero Electric has announced that it will give away a free electric scooter to every 100th customer in Kerala. Yes, you read that right. Free!Hero Electric might be inspired by one Mr. Beast who was in the news recently because he gave away a private island to his 100 millionth subscriber on YouTube for free (or something of that sort). This offer by Hero Electric is to mark the beginning of the festive season in God’s own country, Kerala.Hero Electric Onam Offer – Free Electric ScooterThere’s more too. The company has revealed that this offer is applicable during the entire duration of Onam festivities. Customers will get a cumulative five-year warranty on the e-scooter that includes an extended two-year warranty. Hero Electric recently inaugurated its largest dealership in Malappuram, Kerala, to achieve 1000 touchpoints across India. The company has announced a partnership with AU Small Bank for seamless EV financing too. This seems to be the company’s push to drive Indian 2W buyers towards an EV future.Onam OfferCommenting on the same, Mr. Sohinder Gill, CEO, Hero Electric, said, “We are committed to fastening the EV adoption in the country and believe that such festivities are the best time to embrace change in mindset, accelerating the adoption of green mobility solutions. Onam marks the beginning of long extravaganza celebrations in Kerala, exhibiting overall positivity in customer sentiments.At Hero, we aim to create greater inroads in the hinterland by connecting and engaging with our customers to deepen EV penetration. This Onam, we take another step to revolutionizing the electric vehicle adoption across Kerala by offering a unique proposition to our customers.”When it comes to electric 2W sales, Hero Electric surpassed Ola, Ather, Revolt, Bajaj, TVS, Ampere by Greaves and even Okinawa which is considered to be a heavyweight in this segment. With 8,953 units sold in July 2022, Hero Electric registers 112.01% YoY growth with an increase of 4,730 units from July 2021. They registered 37.65% MoM sales and has a 22.52% market share in 2W EV. More

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    Hero Vida Electric Scooter Can Use HERO Branding – Hero Moto Vs Hero Electric

    Hero MotoCorp and Hero Electric are two separate companies – Both are involved in a legal battleImage for reference.It may be recalled that Hero Electric had sought an injunction against Hero MotoCorp from use of the trademark ‘Hero’ for its electric vehicles. The issue was referred to the Delhi High Court last year by Vijay Munjal, along with his son Naveen Munjal, who owns Hero Electric, the largest electric two-wheeler company.This legal battle was against his cousin Pawan Munjal, Promoter and Chairman of Hero MotoCorp, claiming that the company had exclusive ownership rights of the ‘Hero’ brand for its upcoming lineup of its electric and eco-friendly products. In a recent ruling by the Delhi High Court, Hero MotoCorp has been granted permission to use the ‘Hero ’trademark for selling its electric vehicle lineup.Hero Moto Vs Hero Electric – RulingThe tribunal, which consisted of former Chief Justice of India Dipak Misra and retired judges Indu Malhotra and Indermeet Kaur observed that Hero MotoCorp had claimed the use of ‘Hero’ for its upcoming electric vehicle lineup since 2012. The company is now close to launch of its electric vehicles under brand name ‘Vida – powered by Hero’.Hero MotoCorp’s Vida brand will house all electric vehicle initiatives and the company has even filed a patent for names such as Vida, Vida MotoCorp, Vida EV, Vida Electric, Vida Scooters and Vida Motorcycles for its EV endeavor.Hero Electric Scooter Optima HXThe Tribunal took into account the fact that Hero MotoCorp had spent over Rs 7,000 crores to enhance goodwill and gain reputation of the ‘Hero’ brand over the past 10 years as compared to Rs 65 crores which had been invested by the Naveen Munjal Group to promote ‘Hero Electric’.The Tribunal also noted that Hero MotoCorp had also made hefty investments to the tune of Rs 400 crores into their VIDA project along with investments made in Ather Energy, the Bengaluru based company for its fast charging technology. Hero owns 38 percent in this company and both firms are developing fast charging infrastructure.Good News For Hero MotoCorpThis ruling will boost Hero MotoCorp’s confidence, ahead of the launch of their first electric scooter later this year. Imagine if Hero Moto had to sell their electric scooters without the brand Hero or their existing dealership network. That would have been a nightmare for the No 1 motorcycle brand in the world.Hero MotoCorp Electric Scooter – Under VIDA BrandAs much as this is good news for Hero MotoCorp, it is bad news for Hero Electric, who is one of the leading electric scooter manufacturer in India. By default, most in the country mean Hero MotoCorp, when they refer to a Hero vehicle. Even today, there are people who think Hero Electric and Hero MotoCorp are the same company.If the arrival of new EV rivals like Ola, Ather was not enough, they will have a new problem at hand once Hero MotoCorp launches their range of Hero Vida electric scooters and motorcycles. Hero MotoCorp was scheduled to launch their first electric scooter in July. But parts shortage has forced them to delay the launch to later this year. More

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    Hero Electric Aims To Beat Ola And Become No 1 In E-Scooter Sales

    Hero Electric has one of the widest portfolios of electric two-wheelers in India with as many as 14 models in its lineupOla became No 1 in April 2022, beating Hero ElectricHero Electric was among the first major brands to set foot in the electric vehicle space in India by launching its electric two-wheeler back in 2007. Today, there are multiple players in the industry, especially in the battery-powered two-wheeler space, including established auto brands as well as newly founded EV startups.Despite multiple new entrants in the battery-powered two-wheeler segment, Hero had held its top spot; until last month when Ola Electric took the numero uno position. In April 2022, Hero Electric was unable to dispatch a single unit to any of its dealerships across the country.Hero Electric Confident Regaining Top SpotHowever, the Delhi-based EV manufacturer is confident of regaining its position as a market leader in the near future. Managing Director of Hero Electric, Naveen Munjal assured that the company will make a turnaround very soon. Thanks to an acute shortage of semiconductor chips, Ola Electric was able to dethrone Hero from the top position last month.Munjal revealed that Hero remains committed to triple sales and regaining its leadership position even though chip shortage is likely to impact its operations for a few more months. He further added that shortages that Hero Electric currently faces are planned shortages which are temporary and not a long-term challenge.Hero Electric Scooter Optima HXExpansions of Sales & ProductionHe expects production to stabilize in the next few months although he admitted that demand is so huge that the company will not be able to fulfill it entirely. Hero Electric managed to sell around 100,000 units of its electric scooters in fiscal 2022. It has set a target of retailing around 250,000-300,000 units in the current financial year.In order to achieve an annual capacity of 500,000 units by the end of this calendar year, Hero is expanding its existing production facility in Ludhiana, Punjab. The EV brand also has additional capacity available at partner Mahindra’s factory in Madhya Pradesh. Over the course of the next five years, Hero plans to set up multiple manufacturing facilities to achieve a cumulative capacity of 5 million units per annum.Future Plans for Hero ElectricHero Electric has one of the widest portfolios as far as electric two-wheelers are concerned. The brand currently retails as many as 14 models that are based on five platforms and intends to launch multiple new scooters this year. The new launches will cater to both categories- city speed and high speed. However, Hero is focussing on the former at present since the city speed segment will bring in mass volumes.Models in the higher end will come once as drivetrains and batteries improve. Since there was no sale in April this year, Hero Electric conducted a safety month where it educated its consumers about battery functioning and how it needs to be maintained and to tell tale signs of a problem. This was in the backdrop of numerous fire incidents on electric scooters occurring across the country in recent times.Source More

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    Hero Electric Scooter Sales Dispatch 0 Units In April 2022 – Here’s Why

    Hero Electric posts zero dispatches in April 2022; attributes it to the ongoing global chips shortageHero Electric Scooter Optima HXA global chip shortage continues to plague manufacturers. Expectations point to an improvement in the situation in H2 2022. With reduced production, acquiring them remains a key issue. And with a chip shortage looming overhead, the only logical outcome is production loss.Hero Electric Scooter Chips ShortageHero Electric has over time, secured a sustainable top position in the fledgeling electric scooter segment. However, the E2W brand finds itself severely affected by the chips shortage. Resultantly, Hero Electric posts zero dispatches in April 2022.Simultaneously, those in the orderbook find their vehicle delivery wait period stands extended. Waiting period is now over 60 days. The situation is so acute at present that there are dealerships, which have no stock to display.As with anything that isn’t fully entrenched and established, the Indian electric two-wheeler industry is dealing with plenty of teething matters. And being under the limelight following a recent spate of fires in quick succession, industry wide think-tanks are expected to work overtime. This bodes well for long term robustness as eliminating drawbacks in the initial stages will make way for stringent safety policies. Focus is currently heightened on battery management systems and vehicle wellbeing.Electric Two Wheeler Retail Sales March 2022 – FADA / Vinkesh GulatiHero Electric production capacityIn FY22, Hero Electric reported a sales milestone of 100,000 units. However, the start to FY23 is slow going on account of the chips shortage. However, Hero Electric isn’t sitting by and twiddling its thumbs. The delivery gap period is being utilised effectively to ramp up production capacity. This is true for its Ludhiana and Pitampur plant.The manufacturer is also working towards a smoother supply chain flow. There are plenty of pointers estimating EV growth. This is evident through increased customer demand. Hero is diligent about enhanced battery testing. And carries out thorough audits of the battery production factories. This enhances battery systems’ safety and consumer security. This month, Hero Electric observed ‘Battery Safety Month’. Dealerships communicated with consumers regarding best practices in handling batteries, and identifying red flags by themselves. EV robust growth pathSohinder Gill, CEO, Hero Electric, said, “It’s like putting an emergency brake on a fast moving train. Our sales were almost doubling month on month and we somehow managed with sourcing from different geographies but the war collapsed a major supply chain resulting in this disruption. While apologising to customers for waiting so long  for their favourite bikes, Gill assured that the company has geared up alternate sources and would soon resume production.”“Meanwhile we are using this time to enhance our plant capacity to increase our production volumes as well as revisit our systems and processes related to batteries to further reinforce the quality assurance of our bikes. The recent happenings of fire incidents is an awakening call for the industry and we believe that even the best of the companies should introspect and constantly improve their designs and quality to repose confidence in the electric mobility that is going through such a robust growth path.” More

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    2022 Hero Optima CX Electric Scooter Brochure Leaks – Launch Soon

    Currently, Hero Optima HX is offered at a price of Rs 55,850 for the single battery variant and Rs 65,640 (both prices ex-showroom) for the dual-battery variant2022 Hero Optima CX and CX ER Electric Scooter. Source – elevahanHero Electric will soon be upgrading the Optima CX series for 2022. Brochure of the same has leaked only. It will be offered in two variants – CX and CX ER (Extended Range). Hero Electric official website has listed existing CX at a price of Rs 62,190 ex-Delhi.The two variants of Optima CX are expected to sit on top of the existing Optima HX range of e-scooters. The primary difference between CX and CX ER is the battery pack on offer, the former offers a single battery unit whereas the latter comes with a dual battery pack.2022 Hero Optima CX- Updates over Optima HXThe new Optima CX will be visually identical to its predecessor Optima HX but is expected to differ in terms of specifications. Optima CX is expected to be 25 percent more powerful than the previous model.Further, efficiency of the electric motor will be 10 percent more than before and that will also result in a higher top speed. Thanks to a larger battery pack range will also be greater.2022 Hero Optima CX and CX ER Electric ScooterPowertrain SpecsGetting into specific details, the Optima series features a larger 52.2Volt, 30ah Lithium Ferro Phosphate battery pack. The base CX variant gets a single unit which offers a range of 82 km while CX ER is offered with dual batteries that offer a cumulative range of 140km on a single charge.2022 Hero Optima CX and CX ER Electric ScooterThe battery pack(s) feeds energy to a 550W electric motor that returns a peak output of 1.2kW (1.6 bhp) with a maximum top speed of 45kmph. For reference, top speed on Optima HX is limited to 42 kmph. Braking has also been made stronger by 30 percent to compensate for improved performance.Charging time for both variants will stay around 4-5 hours since CX ER will be provided with a stronger dual charger setup. There is no other difference between the two variants as both offer a similar set of features.2022 Hero Optima CX and CX ER Electric ScooterFeatures & Expected PriceThe Optima CX range will offer features like cruise control, walk assist, reverse mode, a digital instrument cluster, USB charging port, LED headlamps and an anti-theft alarm with a remote key. In terms of dimensions, the e-scooter rides on 12-inch wheels shod with 90/90 section tubeless tyres from Continental. It gets a ground clearance of 140mm.While Optima CX weighs 82 kilos, due to an additional battery pack Optima CX ER weighs slightly higher at 93kg. As far as prices are concerned, the Optima CX range could be priced slightly higher than the Optima HX series, likely between Rs 60,000 and Rs 70,000 (both prices ex-showroom). Both variants of Optima CX will be available in three colour options- blue, grey and white. More

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    New Hero Electric Scooter Eddy Launch Price Rs 72k

    Hero Electric Scooter EddyHero Eddy e-scooter is ideally suited for short distance commutes to coffee shops, gymnasiums and across golf coursesHero Electric, a leading electric two wheeler maker in India, followed by Okinawa Autotech, Ather Energy, Ampere Vehicles, and Pure EV is aware of the shift in customer’s preferences toward electric two wheelers. The continuous rise in fuel prices has added further momentum to this segment and sales charts each month show off the increased demand for electric two wheelers while petrol powered bikes continue to face lower sales.In view of this increased demand, Hero Electric has introduced the new electric scooter called EDDY. It is presented in two colours of Yellow and Light Blue and is a stylish two wheeler best suited for short distance commutes. It comes in with an array of features, technology and conveniences and does not need any license of registration.New Hero Electric Scooter EddyThe new Hero Electric Eddy e-scooter comes in with a host of features. These include Find-my-Bike, e-lock and reverse mode along with follow me headlamps, reverse mode and a larger boot. Hero Eddy offers a pollution free ride. It comes at a time when the general public are showing more impetus to conserving energy and preserving the environment especially where commuting over shorter distances is concerned.Eddy e-scooter is best suited for such commutes to coffee shops, gymnasiums and across golf courses. It offers a hassle free riding experience while it also ensures rider’s comfort and safety. Price starts from Rs 72,000, ex-sh.Hero Electric Scooter EddyMr. Naveen Munjal, MD, Hero Electric, said, “We at Hero are thrilled to announce our upcoming product Hero Eddy that will have an overwhelming on-road presence combining smart features and stylish looks. The scooter is designed keeping in mind an individual’s conscious efforts to contribute towards a carbon-free future combined with a hassle-free ride experience. We are confident that Hero Eddy will make for a perfect alternate mobility choice offering comfort and necessity.”Hero Electric Partners with Mahindra GroupHero Electric recently ramped up its production facilities in Ludhiana to meet increased demand. The company commands a 35 percent market share and presently has a 600+ dealership network across 325 cities.Sales through 2021 stood at 46,260 units while the company has entered into an alliance with BattWheelz Mobility, a Gurugram-based start-up with plans to deliver 4,000 electric two-wheelers by FY 2022-23. Hero Electric also recently joined hands with ReadyAssist to train and skill 20,000 mechanics to service and repair electric vehicles in the country.Hero Electric Scooter EddyHero Electric also entered into an association with State Bank of India to offer instalment facilities to its buyers of electric scooters. The EMI options start off from Rs 251 per Rs 10,000 for 4 years and are offered under SBI Easy Ride Loan. A joint partnership with Mahindra Group and their first joint electric two wheeler was the Optima scooter. The 5 year partnership worth around Rs 150 crores aims to produce 1 million electric vehicles per annum by the end of this year.The two companies will also jointly develop the supply chain and shared platform and Mahindra Group will manufacture the Optima and NYX e-scooters at its Pithampura plant. Both companies will also work towards electrification of Mahindra’s Peugeot Motorcycle Portfolio. More

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    Hero Electric Scooters To Be Manufactured By Mahindra

    Image for reference.
    A joint product development and platform sharing between Hero Electric and Mahindra Group will also enable electrification of Peugeot Motorcycles portfolio
    Hero Electric and Mahindra Group have announced a strategic partnership in the electric mobility space. This partnership has been forged as part of Hero Electric’s growth and expansion plans in order to cater to the growing demand for electric vehicles in India.
    As part of this joint venture, Mahindra will manufacture two of the most popular electric scooters from Hero Electric- Optima & NYX to meet the growing demands of the market. These two electric scooters will be manufactured at Mahindra’s Pithampur plant in Madhya Pradesh. This is the same plant where Mahindra manufactures their Jawa and Yezdi motorcycles.
    Hero Electric-Mahindra JV: More details
    This collaboration will also help Hero Electric with the expansion of their existing Ludhiana facility. By expanding its manufacturing facility, Hero intends to meet its demand of manufacturing over 1 million electric two-wheelers per year by 2022. It will further enable them to drive adoption of a cleaner mode of transport.
    Naveen Munjal, MD, Hero Electric, has stated that partnership between the two automotive firms will enhance manufacturing capabilities to meet demand and utilize Mahindra Group’s robust supply chain to reach newer centers in the country. He further revealed that a long-term partnership will also see both the companies make the most out of each other’s deep knowledge of EVs and drive new product development in the next few years.
    Hero Electric Scooters
    The primary purpose of this joint venture will be production and development of a supply chain and sharing of platforms for electric two-wheelers. Though Mahindra currently doesn’t manufacture electric two-wheelers of its own, it supplies and manufactures parts for e-scooters for the French brand Peugeot. The joint development efforts will prove beneficial for Peugeot when it comes to platform sharing.
    Development of EV-related tech for other brands
    Mahindra and Hero Electric will enter into a 5-year contract with a possibility to enhance the areas of collaboration in future. The value of the transaction is expected to stand in the range of Rs 140-150 crores over the contract period.
    The two companies will create a seamless channel of communication to aid knowledge sharing among the R&D teams to build new products and technologies. This will be done keeping the Indian and global markets in mind that will not just further the growth of electric vehicles but also go on to set benchmarks for faster adoption in the industry.
    The partnership between Hero Electric and Mahindra will further help the latter in developing new EV-related technologies which could be further utilised in other Mahindra-owned two-wheeler brands such as Jawa, Yezdi and most importantly BSA. Reports of Classic Legends developing an electric motorcycle under Jawa had surfaced online a few months back. More