Advertisement


Advertisement

Thread Rating:
  • 5 Vote(s) - 3.4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Hero Electric launches 3 scooters
Advertisement
#1
Munjals-promoted Hero Electric today launched three electric scooters priced between Rs 17,900 and Rs 32,796. The company is also planning to roll out three more products during the next financial year.

"We are very optimistic about all three products we have launched today," Hero Electric Managing Director Naveen Munjal told reporters at the 10th Auto Expo here. The three new scooters -- E-sprint, Zippy and Optima Plus -- are priced at Rs 32,470, Rs 17,900 and Rs 32,796, respectively.

"We are aiming at selling 45,000 units in 2010-11, while we should close this fiscal at 35,000 units," Munjal said. The company will start exporting to Latin America, Canada and other SAARC countries from the next financial year, in addition to the US, where it is already doing so, he added.

The USD 4.8-billion Hero Group company also plans to increase its dealership network to 350 by 2010 end across the country from 255 at present. The company has recently tied up with a Canadian firm Electro Vaya to produce Li-ion batteries in the country from a greenfield facility.

"In the next 4-5 weeks, we will sign a definitive agreement. We are scouting for land to set up the facility," Munjal said without divulging the possible investment in the project.

Reply
Thanks given by:
Advertisement
#2
Product Line expansion has brought in new sub-products, success ratio of these new products need to be evaluated to find out its viability & success in market.
Reply
Thanks given by:
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  General News: Tata Nexon XM(S) Variant With Electric Sunroof Launched in India; Prices Start At ₹ 8.36 Lakh nairrk 0 212 09-02-2020, 03:31 PM
Last Post: nairrk
  General News: Hero to launch almost a dozen new electric scooters this financial year: Report nairrk 0 851 05-21-2018, 12:53 PM
Last Post: nairrk
  General News: Hero Splendor iSmart 110 Launched nairrk 0 1,650 08-18-2016, 06:56 PM
Last Post: nairrk
  General News: Mercedes-Benz launches the most affordable convertible nairrk 0 1,205 07-01-2016, 12:46 PM
Last Post: nairrk
  General News: Govt launches pilot for CNG-fuelled 2-wheelers THAKUR 4K 0 1,064 06-24-2016, 02:28 PM
Last Post: THAKUR 4K
  Jaguar launches all new XF sedan SRK 0 1,097 03-25-2015, 11:18 AM
Last Post: SRK
  All Piaggio scooters to get disc brakes SRK 0 1,010 03-22-2015, 09:19 PM
Last Post: SRK
  Ducati might start making scooters SRK 0 1,155 03-19-2015, 01:27 PM
Last Post: SRK
  Hero Impulse to get 250cc engine SRK 0 1,007 03-17-2015, 08:01 PM
Last Post: SRK
  Jaguar Land Rover to build electric vehicles SRK 0 746 03-09-2015, 09:03 PM
Last Post: SRK

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement