Latest!

Hero Lectro electric cycles become cheaper in Delhi due to government’s subsidy and tax exemptions

Highlights

  • Five electric cycles become cheaper in Delhi due to the government’s subsidy
  • Hero has the highest number of eligible options 
  • Electric cycles are mostly used for commute, fitness, and micro-mobility needs

Hero Lectro electric cycles have received a price reduction of Rs 7,500 across models. The electric cycle brand of Hero Cycles announced that five of its e-cycle variants are eligible for subsidy and tax exemption under the Delhi government’s EV policy. 

Also Read: Tata Nexon EV fire incident in Mumbai, Tata responds, govt begins enquiry

The eligible models in Hero Lectro e-cycle variants include C6, C8i, C5, F6i, and the cargo variant – Hero Lectro Cargo Winn. The first four models are for personal needs whereas the latter is apt for commercial use like hyperlocal delivery. 

Hero Lectro electric cycles get a price reduction

The Delhi government is working on promoting electric mobility in the country. It recently included electric cycles under its EV policy and offering subsidies to buyers. Thus as a direct benefit of subsidies and tax exemption, prices of electric cycles will see a significant reduction in the city. The move is also said to boost the adoption of e-cycles in the national capital. 

The Hero Lectro’s personal variants including the C6, C8i, C5, and F6i get an effective price reduction of Rs 7,500 across models. These will be available at an on-road price range of Rs 23,499 to Rs 47,499. On the other hand, the Hero Lectro Cargo Winn will see a price reduction of Rs 15,000 making it available at Rs 34,999.

Hero Cycles Director Aditya Munjal said in a statement, ‘We wholeheartedly welcome the decision of the Delhi government to include e-cycles as a part of its EV policy in the national capital. The subsidy support will make e-cycles more affordable and accessible to a large segment of the society. “

Comments
Tags:
Viraj Gawde

Viraj loves being in the creative field. Being a tech guy and resident tech advisor for his friends and family, his interest lies in smartphones, laptops and cameras. Passionate about creating art, his forte lies in photography. In his downtime, he loves gaming on his self-built rig and supporting FC Barcelona.