The company is planning to set up a new manufacturing facility with an annual capacity of 10 lakh units besides increasing production at its current plant at Ludhiana to 3 lakh units per annum from 75,000 units at present, as it targets to sell around 10 lakh units a year by 2025-26. Moreover, it is […]
Hero Electric To Invest 700 Crore To Increase Production Capacity
Hero Electric is bullish on the growing demand for electric two-wheelers, and the company intends to meet the exponential growth in demand by increasing production capacity, Hero Electric Managing Director Naveen Munjal said in an interview. The homegrown electric vehicle manufacturer is planning to invest 700 crore over the next 3-4 years to increase its […]