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Hero Electric Vehicles Private Limited (India)

Main Activities: Other Services (except Public Administration)
Full name: Hero Electric Vehicles Private Limited Profile Updated: December 20, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Hero Electric, specializes in electric two-wheelers and operates a production facility in Ludhiana. They offer a diverse portfolio of electric scooters with prices starting at Rs 53,600 and have plans to expand their production capacity. Hero Electric has partnerships with various companies in the field of charging, servicing, rapid charging, and swapping, as well as a 5-year partnership with Mahindra Group. They also offer training and upskilling for mechanics and have opened 300 new sales touchpoints across the country. Additionally, the company provides both online and offline services for the booking of their two-wheelers and has announced a festive offer for customers. Hero Electric has entered into an agreement with Exicom to supply Battery Management Systems for their electric two-wheelers.

Headquarters
50 Okhla Industrial Estate Phase - Iii New Delhi In-Dl In 110020
South Delhi; Delhi; Postal Code: 110020

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
July 31, 2010
Key Executives
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Promoter Director
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Promoter Director
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Promoter Director
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Independent Director
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Nominee Director
Ownership Details
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26.56%
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26.19%
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25.53%
Subsidiaries
Hero Eco Inc, Usa
100%
Company Performance
Financial values in the chart are available after Hero Electric Vehicles Private Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
166.44%
Total operating revenue
160.67%
Operating profit (EBIT)
-83.26%
EBITDA
-93.88%
Net Profit (Loss) for the Period
-40.38%
Total assets
87.45%
Total equity
184.62%
Operating Profit Margin (ROS)
2.2%
Net Profit Margin
3.2%
Return on Equity (ROE)
10.51%
Debt to Equity Ratio
-17.9%
Quick Ratio
0.15%
Cash Ratio
-0.03%

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