Sunday, Oct 02, 2022

Hero Electric Offers Exchange Bonus On Its Entire Scooter Range

The electric bike manufacturer is offering an exchange bonus of up to Rs 6,000 for your old two-wheeler

  • The exchange scheme is applicable on Hero Electric’s entire range.
  • Your old two-wheeler can fetch an exchange bonus of up to Rs 6,000.
  • Any old two-wheeler of any engine capacity can be exchanged, provided that it’s not older than 15 years

Homegrown electric two-wheeler manufacturer, Hero Electric, is offering an exchange bonus on its entire range of electric scooters. If you opt to exchange your two-wheeler for any new Hero Electric scooter, the manufacturer will offer a discount of Rs 6,000 over and above the market price of your old, used scooter or motorcycle. This offer is applicable on all used two-wheelers irrespective of their type and engine capacity. However, they cannot be older than 15 years and should have all the documents in order.

This does sound incredulous, so we called up Hero Electric’s dealerships to confirm. According to them, you could theoretically exchange your old 250cc-300cc motorcycle for a brand new Hero Electric scooter like the Hero Electric NYX e5, which is priced at Rs 58,240 (on-road Delhi). And if your old two-wheeler gets a valuation of Rs 1 lakh, you can not only get your hands on a brand new NYX e5 free of cost, but also a cashback of Rs 35,760! However, the evaluation of your two-wheeler is subject to the discretion of the dealership.

Currently, Hero Electric’s portfolio consists of the Photon, Nyx, Nyx e5, Flash, Optima DX, Optima Plus and Cruz. Meanwhile, the manufacturer is gearing up to launch two new models called the AXLHE-20 and A2B electric cycle.

Press release:
Hero Electric prods owners of old petrol two-wheelers to switch to electric bikes

The company is rolling out its national campaign offering consumers an exchange bonus of Rs. 6000 over and above the market value of any two-wheeler
With 45% share of the country’s electric two-wheeler market, the company leads India’s electric mobility revolution

New Delhi, 4 February, 2019: In line with the Government’s thrust on promoting electric two wheelers, Hero Electric, country's largest seller of electric scooters has announced a unique program to encourage the owners of old and rickety petrol two-wheelers to switch to electric scooters.

There are at-least 5 crore very old and highly polluting, petrol guzzling two wheelers still running on the Indian roads that are either unsaleable or can be sold near a scrap value. Such vehicles have pollution levels much higher than Bharat 4 bikes these days and consume twice the petrol for the same distance. Hero is offering flat Rs. 6000 over and above the market value of such two wheelers to motivate them to get rid of their rickety contraptions and switch over to brand new E bikes that not only are much more economical to run but also come with a 3 years warranty on the bike and battery. This translates to a straight saving of Rs. 70,000 on the petrol and the maintenance of bike that the customer would have spent on his old bike. The emission reduced by switching one such old bike is equal to planting two full grown trees!

To provide impetus to the masses for the uptake of EVs, Hero Electric is also rolling out its national campaign to establish consumer connect in over 20 cities, including Delhi, Pune, Jaipur, Chennai, Rohtak, Hyderabad, Bangalore and Lucknow. The nationwide campaign is being launched from the first week of February and aims to promote the benefits and usage of electric two-wheelers. Under this promotional drive, the company will be activating residential complexes, markets, malls, schools & colleges and corporate institutions to create local touchpoints with the consumers.

Speaking on the development, Mr. Sohinder Gill, CEO - Hero Electric Vehicles Pvt. Ltd. said, “India is at the cusp of evolving into one of the world’s fastest growing economies. To propel on this notion further, we need to rapidly adapt the electrically powered vehicles which will play a critical role in the future. Hero Electric is not just championing green transport mobility but also supporting the Government’s vision to fast track EV adoption in India.”

Hero Electric has a Pan-India network of more than 450 touch points across the country and is leading a revolution in electric mobility with over 300,000 happy customers. The company strives to provide an ecological and a socially responsible platform with the objective of making the country greener and believes in ‘Zero pollution’ transportation in the country through its wide range of Electric Vehicles.