The Board of Directors of the Company, in its meeting held on 13th January 2022, has approved an investment of up to INR 420 crore (Rupees Four Hundred Twenty Crore) in one or more tranches, in Ather Energy Private Limited. : Hero MotorCorp. For more information please see below link:
Hero MotoCorp Ready to Introduce Products in Electric Segment Next Year
Hero MotoCorp has already entered two-wheeler EV in the form of investments in a Bengaluru-based EV startup Ather Energy. Earlier, the company had also announced its partnership with Taiwan-based Gogoro Inc to bring the latter’s battery swapping platform to India New Delhi: Hero MotoCorp, India’s biggest two-wheeler manufacturer, has announced that it will be entering […]
Second Wave Could Make the Ride Bumpier for Hero Motocorp
Analysts see the firm’s tie-ups in the recent past such as with Harley-Davidson and Gogoro Inc. for electric vehicles (EVs) should be beneficial in the coming quarters. Hero MotoCorp Ltd’s Q4 numbers do have some things to cheer about, no doubt. With sales realizations improving, the operating metrics exceeded the Street’s expectations. But this could […]
Taiwan’s Gogoro to enter India scooter market with Hero tie-up
The two companies will also launch Hero-branded two-wheelers powered by Gogoro’s battery sharing infrastructure, which would be available in multiple cities in India TAIPEI: Taiwanese electric scooter maker Gogoro has partnered with India’s Hero MotoCorp to offer its battery-sharing infrastructure in the world’s largest motorcycle market, top company officials said on Wednesday. Gogoro, which sells […]
Ather Energy raises Rs 84 crore from Hero MotoCorp
Ather Energy said that to meet the projected demand in the coming years, it is opening a new manufacturing facility in Hosur, which is designed to produce 1 lakh units annually, and is scalable 5 lakh units NEW DELHI: Electric vehicle startup Ather Energy on Friday said it has raised Rs 84 crore from the […]
Ather Energy partners with P2P scooter sharing platform
Ather Energy, the electric two-wheeler maker, at present has two scooter models — Ather 450 and Ather 450X– in its product portfolio Mumbai: Hero MotoCorp-backed Ather Energy has partnered with dockless mobility solution provider Bounce for a scooter sharing initiative ‘Peer to Peer’ (P2P) with the pilot programme taking off from Bengaluru on Monday, a […]
10 MW solar power plant at Hero MotoCorp new Chittor Plant
Hero MotoCorp has commenced commercial production at its new Greenfield manufacturing facility located in Chittoor, Andhra Pradesh with effect from Thursday, 19 March 2020. As per the company’s press statement, Hero MotoCorp’s Chittoor facility is now the eighth manufacturing plant and sixth in India. It is expected to create direct and indirect employment opportunities in […]
Auto industry yet to submit study to Niti Aayog on EV transition
Hero MotoCorp, Bajaj Auto, TVS Motor Co, and Honda Motorcycle and Scooter India (HMSI) have opposed the Niti Aayog’s plan to push for 100 per cent electric vehicles by completely banning conventional two- and three-wheelers New Delhi: The automobile industry is yet to submit its report on road map to transition two- and three-wheelers to […]
Hero MotoCorp’s Haridwar plant achieves 25 million unit production milestone in 11 years
Hero MotoCorp currently has seven manufacturing facilities. Out of these, five are located in India and one is in Bangladesh and Colombia each. The facilities located in India are at Gurugram and Dharuhera in Haryana, Neemrana in Rajasthan, Halol in Gujarat and Haridwar. MotoCorp has recently announced yet another milestone. The company said in a […]
Hero MotoCorp denies any investment made in Blu Smart Mobility
Over the past few days, Hero MotoCorp Ltd. has noticed a few reports in news media, stating “Hero MotoCorp has participated in fundraising for an e-mobility Startup Blu Smart Mobility”. Hero MotoCorp Ltd. strongly denies any such participation and / or any investment made in Blu Smart Mobility. Further, it is clarified that Hero MotoCorp […]