Home-grown electrical two-wheeler producer, Hero Electric on Monday introduced the rollout of its first batch of electrical scooters from Mahindra Group’s Pithampur plant in Madhya Pradesh.
Earlier this 12 months, Hero Electric introduced its 5-year partnership with Mahindra as a part of its progress and growth plans to cater to the rising demand for E2Ws within the nation, the corporate mentioned in a press launch.
As a part of the strategic alliance, Hero Optima & NYX can be manufactured on the plant in Pithampur.
Beyond sharing area to construct autos, the partnership between each would supply a platform for collectively working to develop and share the availability chain for all new electrical choices. Both corporations will bolster this alliance and share their R&D experience to develop newer applied sciences and merchandise for home and abroad markets.
Sohinder Gill, CEO, of Hero Electric mentioned, “we strongly believe in like-minded strategic partnerships to offer “true value for money” merchandise in electrical mobility. Tie-up with Mahindra is one such alliance that we’re pleased with. “
“The two teams have been working closely for seamless integration of the manufacturing process and offer to the customer the same level of global quality that is produced from our Ludhiana plant. With this tie-up, we are now well on our way to the half a million capacity that we had planned a few months back.” he added
Source: www.financialexpress.com”