 "Hero Electric")
Hero Electric has decided to invest Rs 2,500 crore to build additional capacity of about 4 million electric two-wheelers by 2026. The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore.
In the second stage, it is scouting for a location of a plant in South India. Both factories will be of equal size and investment. The company has the capacity to manufacture 500,000 vehicles.
Its projected capacity of 4.5 million units per annum that it is building is half of Ola Electric’s. The latter
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