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

Next Story
Technology

Constructive Automation

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Real Estate

Google India’s New Campus

India continues to cement its position as a global digital powerhouse – and Google’s latest milestone reinforces this trajectory with the inauguration of Ananta, one of its largest offices worldwide. CW explores the design, sustainability and construction aspects of this landmark campus in Bengaluru.Significance of AnantaLocated in Mahadevapura, Bengaluru, Ananta spans 1.6 million sq ft and is situated within Bagmane Tech Park. Named after the Sanskrit word for ‘infinite’, this state-of-the-art, 11-storey facility is Google’s fourth office in Bengaluru. It is designed to foster colla..

Next Story
Infrastructure Urban

Indian Delegation Visits South Africa for Trade and Investment Talks

A nine-member Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) held in Pretoria from 22 to 23 April 2025. Discussions were conducted in a cordial atmosphere, focusing on expanding trade ties, boosting investments, and fostering greater people-to-people exchanges. The meeting was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition of South Africa, and Priya Nair, Economic Adviser, Department of Commerce, India. Delegates from the High Commission ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?