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Hero MotoCorp working on two electric models for commercial rollout: Report

24 Nov 2017 Evaluate

Hero MotoCorp is reportedly working on two electric models for commercial rollout in the next two to three years. In this regards, the company’s development work is on at its research and development centre in Jaipur.

Moreover, the company has invested Rs 205 crore in Ather Energy, a Bengaluru-based entity which is developing electric two-wheelers. The company intends to enhance its participation in the electric vehicle (EV) space by pursuing its internal EV programme, in addition to partnering with Ather.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
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