Hero Electric plans to set up Rs 1,200 Cr Electric Vehicle Mfg Hub in Rajasthan
26 September 2022: Hero Electric plans to set up Rs 1,200 Crore Electric Vehicle Manufacturing hub at Salarpur Industrial in Rajasthan. According to agency reports, Hero Electric will sign a Memorandum of Understanding (MoU) with the Rajasthan State Government during the Invest Rajasthan Summit. The Invest Rajasthan 2022 Summit being organised on 7th and 8th of October, 2022 in Jaipur
As per reports, the proposed unit will be located at Salarpur Industrial region, spred over 170 acres. The company is expected to commence production by the end of of 2023.
Hero Electric, a SA 8000 certified organization, is India’s the largest manufacturer of electric 2-wheelers. Hero Electric is the pioneer and market leader of the Indian Electric 2-Wheeler Industry. It exports products like Automotive Components, Bicycles, Electric Bikes, Medical Equipment etc.
The company believes in offering an ecological 2-wheeler solution to its consumers. Hero Electric’s endeavour to make the country greener with ‘Zero Pollution’ transportation through its wide range of Electric Vehicles, is supported by its Mission of “No Emission”.
So, the new plant in Rajasthan is said to be part of its capacity expansion to boost EV adoption in India. The proposed facility will manufacture all the current and upcoming Hero Electric two-wheelers, the reports said.
