Hero Electric begins work on second manufacturing plant in India

Hero Electric on Thursday said it has commenced work on the second manufacturing plant in the country in Ludhiana, Punjab. The upcoming plant is adjacent to the company’s existing facility and is targeted at ramping up the production capacity.

The greenfield plant would come up in 10 acres of land with an annual production capacity of 2 lakh vehicles.

“We are very excited to announce our new manufacturing facility in Ludhiana given the exciting growth phase for the EV market. India’s EV revolution rides on two wheels making this the perfect time to expand and grow,” Hero Electric Managing Director Naveen Munjal said in a statement.

The upcoming greenfield plant will aid in delivering the best mobility solution and catering to the spurred demand for electric two wheelers, he added.

“The facility will boost our vision of moving the world to sustainable mobility solutions. This is our second facility, and as we march ahead, we will invest in expanding capacities to achieve the target of 1 million capacities by 2025,” Munjal said.

RECOMMENDEDSTORIES FOR YOU



The announcement of a new facility comes months after the company announced raising its annual production capacity to one million units in the next three years. The plant will be a hub for building new battery design and development and futuristic products.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Automobile News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More