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Hero Electric delays Rs 700 cr investment by a yr after failure of FAME II

By : Sustainability ..., Jan 2, 2020

Leading electric two-wheeler maker Hero Electric has put on hold investment of up to Rs 700 crore by a year with the sector taking a nosedive as FAME II, scheme aimed to promote electric vehicles, has failed to deliver, according to a top company official. Calling for a...

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Hero Electric ties up with Punjab govt for EV infra

By : Sustainability ..., Dec 9, 2019

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...

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Hero Electric to go ahead with expansion plan amid slowdown

By : Sustainability ..., Nov 21, 2019

Hero Electric has decided to go ahead with its planned investments in capacity expansion programmes despite the prevailing demand slowdown in the domestic market. Managing director Naveen Munjal told ET that although sales of electric two-wheelers were subdued in the first...

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Unorganised players with cost edge lead the e-rickshaw race

By : Sustainability ..., Oct 29, 2019

More than two years after organised players like Kinetic, Hero Electric and Mahindra & Mahindra forayed into the growing e-rickshaw market they are yet to gain a toehold in this space. An electric-vehicle revolution is gaining ground in India, home to about 1.5 million...

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Hero Electric India to expand into rural electric two-wheeler market

By : Sustainability ..., Jun 3, 2019

Unlike major conventional marketing strategies, Hero Electric India aims to target the remote and rural areas of the country by pushing the sales of its electric two-wheeler range in the...

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