In a Q&A, Naveen Munjal outlines his plans for the company and his learnings With no playbook available for a success formula for launching an electric vehicle, Naveen Munjal jumped started Hero Electric in 2007. A lot has changed since then. With a major policy push, incentives, India is looking to promote usage of electric […]
‘2027 good time to be electric’, says Hero Electric MD Naveen Munjal – EQ Mag Pro
A strict mandate for electrification will prompt automakers like Hero Electric to make the switch to EVs faster. India’s largest electric vehicle manufacturer Hero Electric has called to end sales of gasoline-powered two wheelers by 2027 to speed up India’s switch to electric vehicles. The transition to electric vehicles in India is far behind countries […]
Hero Electric Vehicles to Invest Rs 700 Crore in Business Expansion by 2025
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 […]