Hero Electric ties up with Punjab govt for EV infra

now viewing

Hero Electric ties up with Punjab govt for EV infra

December 7, 2019 Anand Gupta

Small solar power firms eclipsed in India’s renewable energy race

now playing

Madhav Infra Projects bags INR 330 Crore solar project in Surat - EQ

December 7, 2019 Anand Gupta

now playing

Sungrow Celebrates Ten Years of Significant Milestones in the Indian Market - EQ

December 7, 2019 Anand Gupta

NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K

now playing

Nepal Aims to Export 10,000 MW Hydropower to India in Next Decade to Promote Renewable Energy - EQ

December 7, 2019 Anand Gupta

multibagger-ireda-shares-climb-5-on-signing-green-power-co-finance-deal-with-indian-overseas-bank

now playing

IREDA stresses innovative financing solutions for India’s transition to renewable energy - EQ

December 7, 2019 Anand Gupta

Mahindra Group and Ontario Teachers’ Co-Sponsor India’s Largest Renewable Energy Listed InvIT with Offer Size of ₹2262.8 Crore ( $273 Mn)

now playing

G7 falling short of renewable energy capacity tripling goal: Think-tank - EQ

December 7, 2019 Anand Gupta

RERC (Terms and Conditions for Determination of Tariff) (First Amendment) Regulations, 2019

now playing

India expects annual power output to grow at fastest in over a decade - EQ

December 7, 2019 Anand Gupta

AP bets on renewable energy to meet goals

now playing

'At least $12 trn needed for tripling renewable energy capacity by 2030' - EQ

December 7, 2019 Anand Gupta

49056-002: Pakistan: Access to Clean Energy Investment Program

now playing

CESC acquires company engaged in 300 MW solar park under construction in Rajasthan - EQ

December 7, 2019 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for seeking declaration of change in law event and consequent relief on account of increase in compensation for acquisition of land for Jhajjar Power Limited’s - EQ

December 7, 2019 Anand Gupta

now playing

Petition of Central Electricity Regulatory Commission (Connectivity and General Network Access to the Inter-State Transmission System) Regulations - Reliance Industries Limited (RIL) - EQ

December 7, 2019 Anand Gupta

The company will work in conjunction with the government to attract existing and potential players to invest in the state as part of their e-mobility vision, Hero Electric said in a statement.

New Delhi: Electric two-wheeler manufacturer, Hero Electric on Friday has announced its collaboration with the Punjab government to support and develop the EV infrastructure in the state.

The company will work in conjunction with the government to attract existing and potential players to invest in the state as part of their e-mobility vision, Hero Electric said in a statement.

It has recently announced an investment of Rs 700 crore in its R&D, model portfolio, dealer network, localization and its manufacturing facility in Ludhiana.

Naveen Munjal, MD, Hero Electric said, “When I look back, I realize that it was the right decision to set up our first plant in Ludhiana, Punjab. The state has always supported us in all our endeavours, and we have found the right partner in them. I am sure, Hero Electric and the state of Punjab can together make a considerable difference and lead the e-mobility in the country.”

According to the company, the Punjab government has proactively encouraged electric mobility and development of infrastructure with incentives and other beneficial schemes for ease of business.

The state offers net GST reimbursement for 7 years up to 100 per cent FC, employment subsidy of up to Rs 48,000 per year for 5 years.

The company plans to take the 615 touchpoints presently to 1000 by the end of 2020 and ramp up production capacity of its electric scooters to 5 lakh units annually, with a focus on low-speed scooters for last-mile connectivity.