Hero Electric ties up with ALT Mobility for delivery of 10,000 EVs

Hero Electric has announced a partnership with ALT Mobility. ALT Mobility is India’s first dedicated platform to offer two and three wheeler electric vehicles (EV) to the logistics market at an affordable monthly subscription. The company also covers financing, road tax, insurance and service cost of its EVs. Under the new partnership, the company will deploy 10,000 Hero Nyx electric two-wheelers by 2023. At the same time, Hero Electric aims to convert 35% of its sales to B2B segment by 2025. The company says that its aim is to create more traction towards EVs in India.

According to Hindustan Times, Hero Electric CEO Sohinder Gill said, “We are seeing more and more businesses opting for cleaner solutions to reach their consumers. Hero strives to provide solutions to its B2B customers through a strong network across the country. The collaboration with ALT Mobility will help us drive carbon-free mobility in the logistics market. In addition, ALT will cater to the last-mile delivery requirements of Mobility.

At the same time, Dev Arora, CEO, ALT Mobility, said that to trust the Hero Nyx electric two-wheelers, we have done many tests on the ground and spent many months with the Hero Electric team. We have added intelligent sensors and technology platforms to our fleet.

How sensitive is Hero Electric about its business, it can be gauged from the fact that Hero Electric and Hero MotoCorp are fighting the case in court. The fight between the two brands is taking place over the use of Hero brand for electric vehicle businesses.

Vijay Munjal and his son Naveen Munjal are the owners of the country’s largest electric two wheeler company ‘Hero Electric’. The company is in the EV business for more than 15 years. Hero Electric’s owners are said to have moved the Delhi High Court against Pawan Munjal, the promoter and chairman of ‘Hero MotoCorp’. The court battle is over the use of the Hero brand, as Hero MotoCorp is also planning to use the Hero brand name for its upcoming EV range.

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