Hero Electric, is a 100% subsidiary of Hero Group, a motorcycle maker based in India. Their motorcycles are widely sold in India. Hero Electric specializes in electric two-wheelers. Hero Electric has announced plans to ramp up production and at the same time a new tax rebate on electric vehicles has been announced by the Delhi and other state governments.

This is a 15 per cent subsidy on the base price of the electric vehicle (EV) and a 12.5 per cent exemption of VAT. This translates into a subsidy of 24.5% on the ex showroom price of the Electrical Vehicles.

read more