Hero Group to launch electric 3-wheelers

The Hero Group is planning to launch electric three-wheelers and expanding its core portfolio of bicycles and two-wheelers.

The group is expected to partner UK-based Ultra Motor, its technical collaborator for electric bicycles and scooters, for its three-wheeler venture. It is likely to launch the new vehicles either by the end of the year or early next year.

"We are currently testing the prototype of the three-wheelers developed by Ultra Motors in Indian conditions, which will take six months," Vijay Munjal, managing director of Hero Cycles, said, adding the company was looking at both goods and passenger carriers.

The group, which has so far invested about Rs 50 crore on the new facilty for electric vehicles in Ludhiana, could expand it further for the three-wheeler venture. Munjal, however, declined to comment on the proposed investments.