Page 5 - Hero Electric

Hero Electric partners with Autovert for subscription-based financing plans

Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers

Hero Electric delays Rs 700 cr investment by a yr after failure of FAME II

Under FAME II electric two-wheeler are mandated to have a minimum range of 80 km per charge and minimum top speed of 40 kmph to qualify for an incentive of Rs 20,000

Hero Electric looks to raise Rs 700 cr in 3 years to accelerate expansion

Currently, Alpha Capital is the investor in Hero Electric outside of the Munjal family

Alpha Capital invests Rs 1.6 billion in Hero Electric for minority stake

The company plans to make significant additions to its manufacturing capacity by setting up multiple plants over the next five years and will also focus on India-centric innovations

Alpha Capital picks up a 'significant minority' stake in Hero Electric

The automaker, planning to set up a new manufacturing facility in the South, is also planning to expand business with a target to sell 50,000 units in the current financial year

Hero Electric plans multiple plants, 10-fold sales hike in 5 years

The company, which expects to sell over 25,000 units this year, currently has a production capacity of 50,000 units per annum at its Ludhiana plant

Will Hero Electric be third time lucky?

Hero Electric is using lessons learnt from its past trials to build a strong base in the electric vehicle market