Hero Electric to boost production capacity at Ludhiana plant
POWER & RENEWABLE ENERGY

Hero Electric to boost production capacity at Ludhiana plant

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code