Hero Electric Launches 3 New Models at the 10th Auto Expo

New Delhi, Jan 5th : Hero Electric launched three electric scooters E-sprint, Zippy and Optima Plus (Three Wheeler) priced between Rs.17,900 and Rs.32,796 at the 10th Auto Expo. 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 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.

Besides, the company is talking to the Delhi government and some power companies to set up charging stations in the National Capital for its electric scooters!