Last Updated: September 26, 2022, 12:02 IST
Hero Electric (Photo: Hero Electric)
Hero Electric EV plant in Rajasthan will have an annual production capacity of two million units while built at an investment of Rs 1200 crore
Electric two wheeler maker Hero Electric has announced that it will set up a mega electric vehicle (EV) manufacturing hub in Rajasthan. It will invest Rs 1,200 crore in this facility which will have a production capacity of two million units per annum.
The company said it has signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit. According to the home-grown automaker, the proposed unit will be located at Salarpur industrial region over 170 acres and start production by the end of of 2023.
Also Read: Hero Electric Sets Record Sells Over 10K Electric 2-Wheelers in a Month
“This mega manufacturing facility is part of our capacity enhancement to boost EV adoption across India. It will allow the state to spearhead clean mobility solution shift and promote ecological tourism practices,” Naveen Munjal, Managing Director, Hero Electric, said.
CEO Sohinder Gill said: “Green field facility of this mega size and large budget gives us the opportunity to introduce very energy efficient green manufacturing processes with a healthy blend of automation using robotic arms and the nimble-fingered skills of the local artisan workforce, using the clean solar energy that state provides.”
The proposed facility will manufacture all the current and upcoming Hero Electric two-wheelers, Hero Electric said.
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