Wednesday, April 24, 2024
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Hero Electric

While the discovery of lithium-ion reserves in India is welcome news, it will take at least three years before it is viable for commercial use. Till then, the electric vehicle sector will need the government’s support in the form of the FAME II subsidy...

Recently Hero Electric partnered with EV component makers like Battrixx, NIDEC, Exicom, Seksui and many others to develop ‘grounds up’ products for faster EV adoption and easy accessibility

The company, which launched new versions of its three electric scooter models priced between Rs 85,000 and Rs 1.3 lakh, plans to set up a greenfield plant in Rajasthan with an annual production capacity of 20 lakh units with an investment of around Rs 1,200...

Under the agreement, Hero Electric intends to purchase 5 lakh units of Exicom BMS (battery management systems) per annum

The EV company plans to bolster production, tap in new investors in fresh funding round