Hero Electric to boost production capacity at Ludhiana plant

24 Sep 2021 CW Team

Electric scooter manufacturer Hero Electric is planning to increase production capacity at its Ludhiana plant to over five lakh units by March of next year to meet increased demand for electric two-wheelers.

The company told the media that since the Covid-19 situation in the country improved, it has seen a surge in demand.

With the revised amendments to FAME 2 and additional state subsidies, the electric scooters by the company were the most affordable in the country, with prices starting at Rs 53,600 (post-subsidy), it claimed.

The last few months, according to Naveen Munjal, Managing Director of Hero Electric, have set the tone for the coming years.

Munjal described the current environment as extremely favourable, owing to new policies and subsidies that are promoting consumer awareness.

He also stated that it has caused a significant shift in the industry, which has increased the demand for electric two-wheelers.

The company is expanding its production facilities to produce over five lakh vehicles per year, and will continue to expand to produce over one million vehicles per year, year on year (YoY), to meet the growing demand, he added.

The Ludhiana plant of Hero Electric currently has a capacity of one lakh units per year. The company announced a Series B round of funding in June to help it expand its facilities.

In India, the company has released over 15 electric two-wheelers in the last decade.

Image Source

Also read: Omega Seiki Mobility launches first small commercial electric vehicle

Infrastructure Energy

08 Apr 2026

Blue Cloud Acquires Global Impx To Build AI Energy Platform

Blue Cloud Softech Solutions Limited (BCSSL) said its board has approved an all-share acquisition of 100 per cent of Global Impx Inc. (GIX) as part of a strategic pivot into AI-driven energy and digital infrastructure, subject to execution of definitive agreements and regulatory, corporate and shareholder approvals including a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026. The BSE-listed technology conglomerate intends the transaction to accelerate its evolution into a technology enabled infrastructure company operating at the convergence of artificial intel..

Hyatt House Offers Home-Like Stays Across 140 Locations

Hyatt House hotels (Hyatt House) is presented as a brand designed to welcome guests seeking spacious and well equipped living accommodations for short or long term stays. The brand operates at more than 140 locations worldwide and delivers home like amenities and purposeful service. It highlights complimentary home cooked breakfast and a creatively curated menu at H Bar as part of its offering. The offering is positioned to appeal to professionals and families who seek both convenience and a sense of familiarity while travelling. Hyatt House provides contemporary spaces that include indoor and..

IRFC Disburses Rs 10,000 mn Term Loan To MAHAGENCO

Indian Railway Finance Corporation (IRFC), a Navratna central public sector enterprise under the Ministry of Railways, has opened the financial year by sanctioning and fully disbursing a Rs 10,000 mn term loan to Maharashtra State Power Generation Company Limited (MAHAGENCO). The disbursement follows a recent loan agreement of Rs 128,420 mn signed with Hindustan Urvarak & Rasayan Limited, signalling a continued focus on large scale infrastructure financing. The move marks the financier's first disbursal of the year and is aimed at supporting state level power generation capacity. Established i..