Hero Lectro, the e-cycles brand of Hero Cycles, has announced that five of its variants is eligible under the Delhi Government’s EV Policy.
The company's C6, C8i, F6i and C5 will see an effective price reduction of INR 7,500 across models. The cargo variant, Hero Lectro Cargo Winn, will see an effective price reduction of INR 15,000. Hero Lectro currently has the highest number of options eligible for subsidy under the Delhi EV Policy.
Aditya Munjal, Director, Hero Cycles said, 'The subsidy support will make E-Cycles more affordable and accessible to a larger segment of society. While most of the models that are covered under the subsidy are primarily used for commute, fitness and micro-mobility needs, the price reduction in our cargo e-bike variant will make the Hero Lectro Winn the most cost-competitive, sustainable option in the hyperlocal delivery ecosystem. As a result of this, we expect to see a boost in economic activity and new sources of income being created.”
E-Cycle prices in Delhi will see a significant reduction as a direct result of the subsidy and tax exemption announcement by the Delhi State Government, the first State to announce such. This is expected to boost the adoption of e-cycles, a sustainable and green mobility option in the national capital.
Cargo e-cycles are also expected to become a preferred choice of green and cost-effective last-mile delivery vehicle for commercial use cases with the policy inclusion.
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