With the eligibility of five variants of Hero Lectro, in Delhi Government EV Policy, the E-Cycles brand of Hero Cycles Ltd., announced reductions from Rs 7500 to Rs 15,000 making it the most cost-competitive cargo electric commercial vehicle at Rs 34,999.
Hero Lectro variants (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
E-Cycle prices in Delhi will see a significant effective 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.
With four personal e-cycles and one cargo e-cycle, Hero Lectro currently has the highest number of options eligible for subsidy under the Delhi EV Policy.
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