Hero Electric is offering an exchange offer for its scooter lineup. The exchange offer is valid for petrol two-wheelers older than BS-4 models.
To promote the sale of electric scooters, Hero Electric has come up with a great plan. It is offering one of its scooters in exchange for an old petrol two-wheeler.
The company claims to offer Rs 6,000 more than the market value of the old scooter or a bike. However, the two-wheelers should be older than BS-4 models.
For example, if the market value of a scooter is Rs 20,000, Hero Electric will offer additional money up to Rs 6,000 for the two-wheeler. This comes in as a bid to encourage buying of electric two-wheelers.
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Hero estimates that there are around 5 crore old and rickety two-wheelers still running in India. Such older than BS-4 engines, create a lot of pollution and also consume more mileage.
Hero Electric is already offering the exchange scheme, but will also provide the scooter and battery with a 3-year warranty. This makes it even more economical to run.
With all these offers, Hero promises a saving of around Rs 70,000 for converting to an electric scooter.
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Currently, the company’s lineup includes Four scooters, which range from Rs 45,000 to Rs 87,000 (ex-showroom prices). The list includes Flash, NYX, Optima and Photon.
Hero Electric is establishing new points across cities like Delhi, Pune, Jaipur, Chennai, Rohtak, Hyderabad, Bangalore and Lucknow. It plans to reach 20 more cities in the countrty.
Just like Hero Electric scooters, many other two-wheeler manfacturers are venturing in the electric two-wheeler business. The main brands include TVS and Bajaj Auto.
Also Read: Bajaj Urbanite Electric Scooter brand to launch soon in India
Many startups like Avon Motors, Okinawa and Ather have brought their electric scooters here. By 2021-22, a lot of electric vehicles will be found on the road.
