Hero Electric is keen on seeing market share improve at the end of the current fiscal. Increased demand has helped the manufacturer sell over 50k units for the ongoing fiscal. At the end of October 2021, sales stood at 50,331 units. Its current production capacity expansion means the company is in a position to manufacture 5 lakh scooters a year. In a market that’s still tiny in terms of unit sale/volume, Hero Electric enjoys 36 percent market share.
SOURCE: HINDUSTAN TIMES AUTO
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