Why Hero Electric Dispatched Zero Vehicles in April?

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Hero Electric, an electric two-wheeler manufacturer, reported zero dealer dispatches in April.

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According to PTI, the persistent worldwide semiconductor shortage acted as a major stumbling block in the dispatch

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THE REASON FOR NO PRODUCTION HAS BEEN DISCLOSED BY HERO ELECTRIC

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AS PER A STATEMENT RELEASED BY IT, HERO ELECTRICALS WAS EXPERIENCING SEVERE CHIP SHORTAGES

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ALONG WITH SUPPLY CHAIN RESTRICTIONS

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Hero Electric CEO, Sohinder Gill HAS EXPRESSED HIMSELF IN THE MATTER, IN THE FOLLOWING WORDS

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"it is like putting an emergency brake on a fast moving train."

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WORDS OF COMPANY

[{"selector":"#anim-6893ba63-49df-4483-af6c-d26076e91b11 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.963235172535335%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-15eacb80-2c05-44c8-8830-b7d5918b16a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51a1ddd9-cda1-4c13-89a1-477a7dec9835","keyframes":{"transform":["translate3d(0px, -61.85058%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92fe1c39-22e6-44d9-b1c5-5147a696a301","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ade93df9-ca90-4b63-8679-81fc67b57672","keyframes":{"transform":["translate3d(204.09558%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-67b399a0-a92e-41fe-b9bc-964859619146","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1100b8a5-0c1a-46cf-84cd-903fa82a60b6","keyframes":{"transform":["rotate(-274deg) translate3d(-61.92661%, 0px, 0) rotate(274deg)","rotate(-274deg) translate3d(0px, 0px, 0) rotate(274deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50161145-b5dc-4bd1-b988-dab8a6bb8765","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52a950f3-fdb5-40d9-9b8b-2bec741c836e","keyframes":{"transform":["translate3d(-108.03572%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5664d05f-6d2c-4a24-91db-506b36d08ad3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e07345e-90c1-4b6f-a4ec-8ffdef8faf68","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Lined Circle "This has further increased the waiting list for its customers to 60 plus days and some of the dealerships have no stock to display"

ALSO, STAY UPDATED BY SEEING WHAT'S TRENDING WORLDWIDE

[{"selector":"#anim-d4091c91-285f-444b-a870-f31f6539ade4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf5ffdca-78e3-4331-8a6d-c36c6a494bc9","keyframes":{"transform":["translate3d(171.72012%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03cc5c2a-cf2f-4c36-bd6b-d869479b2230","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9129f039-2d18-4102-a3e6-c14726163092","keyframes":{"transform":["translate3d(-116.04096%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c2dc1c1-17ea-4296-9dd2-f0120215683a","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51a09377-db84-4be4-b2d5-a0fa3c28424c","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52f9d2e3-c544-4dd4-b446-2103df46739f","keyframes":{"transform":["translate3d(261.02563%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] DAX Street Lined Circle