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Electric bikes and scooters: CredR, Hero Electric launch trade provide on petrol two-wheelers

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New Delhi: Online market for used two-wheelers CredR and Hero Electric on Wednesday introduced a partnership for trade of any petrol-based two-wheeler for e-scooter or e-bike of the latter. Through the partnership, customers can be supplied with comfort and hassle-free trade of used two-wheelers for electrical scooters and obtain their new car inside days. While exchanging the scooter, CredR will provide immediate quotes for outdated petrol scooters thus lowering the upfront value of Hero Electric scooters, the businesses stated in a joint assertion.

Customers might want to carry of their outdated petrol 2-wheelers for a bodily inspection and valuation at any Hero Electric showroom. An immediate worth quote/estimate can be generated by the proprietary pricing software powered by CredR, the assertion added.

CredR will confirm the paperwork and the well being of the petrol model of the two-wheeler to finish the transaction. The trade worth will then be adjusted in opposition to the ultimate value of the brand new Hero Electric two-wheeler.

Currently, the programme is relevant in Delhi-NCR, Hyderabad, Jaipur, Bangalore and Pune, and can quickly be expanded to different cities throughout India, the businesses stated.

CredR Chief Strategic Officer Sasidhar Nandigam stated, “Currently, electric mobility contributes to less than 1 per cent of the two-wheelers market that can only increase from here. We are tremendously excited to partner with an industry giant like Hero Electric in bringing about this shift in the market”.

India’s electrical mobility panorama goes to alter dramatically put up COVID-19 pandemic and the gross sales are anticipated to rise. As the gross sales of general two-wheelers will see a growth, there can even be an increase in gross sales of second-hand e-two wheelers, he added.

Hero Electric CEO Sohinder Gill stated at this juncture, the moment trade scheme from CredR clubbed with distinctive leasing and low instalments will solely assist extra folks purchase a Hero Electric scooter.

“As one of the leading EV brands in India, we are looking to enhance the accessibility and affordability for e2W buyers. Post the unlock, we have seen good demand for Hero e-scooters as a reliable and affordable personal mobility solution,” he added.

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