Skip to main content

MoneyWorks4Me

Hero MotoCorp to launch electric model next year

17 May 2021 Evaluate

Hero MotoCorp is all set to launch an electric model next year and mark its entry into the segment. Bullish on the electric vehicle (EV) vertical, the company is utilising its Jaipur (Rajasthan) and Stephanskirchen (Germany) based R&D set-ups to develop its own products.

Besides, the company has tied up with Taiwan-based Gogoro Inc to bring the latter's battery swapping platform to India. The partners have also decided to collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro network vehicles to market.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Peers
Company Name CMP
Bajaj Auto 10905.00
TVS Motor Company 4485.00
Hero MotoCorp 5530.00
Eicher Motors 7666.00
OLA Electric Mobilit 34.22
View more..