Hero electric scooter (likely) will rival Bajaj Chetak and TVS iQube apart from new entrants like Ather, Ola and others…
Hero MotoCorp has announced its quarterly results but more importantly it has officially revealed couple of new details of its electric vehicle project.
First, Hero will venture in this space by March 2022 which means we will finally see the first electric vehicle from the company within the coming four months. And two, it will be manufactured at the company’s Chittoor plant in Andhra Pradesh,
Hero says that it’s Electric Vehicle (EV) project is in advanced stages, but we are yet to see a test mule on our roads. However, Pawan Munjal did tease us with a scooter that could be the first product from the company for our market. And that is the only basis that suggests that the first product from the company would a scooter (and not a motorcycle).
The company informs that it has chosen the Andhra plant as it is called the Garden Factory and follows many eco-friendly and sustainable manufacturing practices.
This plant will offer Battery Pack Manufacturing and Testing and Vehicle End of Line Testing.
CFO Niranjan Gupta is of the opinion that the demand will grow in the months to come with the improvement in economy and overall buying sentiments.
With its electric vehicle line-up the maker intends to be prepared for the demand.
Hero has also forged a strategic alliance with Taiwan’s Gogoro which is a pioneer in battery swapping. However, we believe products from this venture will be different from what the largest maker is making under its own R&D.
After the launch, Hero will become the third legacy manufacturer to venture in this realm which already sees participation from Bajaj and TVS. However, Suzuki may also be ready with its EV and has something for the world on 18th November (details).