Bhavish Aggarwal-led Ola Electric is raising investment from Paytm’s founder Vijay Shekhar Sharma, Bollywood brother-sister duo Farhan and Zoya Akhtar, among others.
0 Comments Despite a very challenging calendar year 2020, Hero Electric, has maintained its position at the top of the electric two-wheeler market.
Hero Electric tops electric two-wheeler sales chart.
The company sold 8,111 of the 25,735 electric scooters sold in CY2020. Interestingly, the sales of “high-speed” (e-scooters that can cross 25kph) electric two-wheelers in the January to December 2020 period was 25,735 units (-5.4 percent year-on-year) as against 27,224 units sold in the previous calendar year, according to data compiled by the Society of Manufacturers of Electric Vehicles (SMEV). Our sister publication, Autocar Professional, analysed the sales data of 16 high-speed electric two-wheeler manufacturers for the year 2020. Despite a total washout in Q1 for the overall auto industry, Hero Electric continued to retain its leadership position in CY2020, with sales of 8,111 units (-28.17 percent YoY), followed by Oki