Hero MotoCorp, the world’s largest two-wheeler maker, has almost everything in its portfolio. The company also has small capacity sportsbikes, ADVs etc. However, he does not own an electric vehicle. The reason for this is an agreement in the family, under which Hero Electric sells only electric vehicles, while Motocorp owns ICE vehicles. However, because the world is moving fast towards electric vehicles. Hero MotoCorp has now come in the field of EV.
The company will use Gogoro’s technology
The company is going to do this with the help of Taiwanese company Gogoro. The agreement between these two will enable the Hero brand’s electric motorcycles and scooters to be launched in India. And it will get support from Gogoro’s battery swapping technology. These electric motorcycles, scooters will use Gogoro’s technology and will be developed and marketed by Hero MotoCorp. Hero MotoCorp has one of the largest distribution markets in India.
Hero has partnered with MotoCorp’s first premium vehicle maker such as Erik Buell. However, this did not bring much in the market. As understandable, Gogoro will lay the foundation stone for battery swapping technology in India. After this, Hero MotoCorp can launch electric vehicles. Hero’s Hub in Jaipur has been experimenting with two-wheeler electric vehicles for a long time and has also shown them at several auto expos.
Bajaj launches new Pulsar, apart from the price, know what is the quality of Pulsar NS125
Battery swapping technology will also benefit
Gogoro has its own range of electric scooters and e-motorcycles. All five scooters have functional designs. Hero MotoCorp can use Gogoro Mechanical but it will design its own scooter according to the Indian market. The good thing is that all three have got ABS and they only offer Vespa and Aprilia range ICE scooters in India. No electric scooter offers ABS as an option. Therefore, Hero’s product can have its own USPs. With battery swapping technology, a customer can visit any center. Can use the app and can take the full charge battery in a few minutes instead of empty battery.
Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.