Business

Hero Electric to set up mega Electric Vehicle manufacturing plant in Rajasthan

Electric two-wheeler maker Hero Electric has announced that it will set up a mega electric vehicle (EV) manufacturing hub in Rajasthan.

The company’s upcoming EV hub will be established at an estimated investment of over Rs 1,200 crore and it is said to have an annual production capacity of two million units.

The company said it has signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit.

According to the company, the proposed unit will be located in Salarpur industrial region over 170 acres, and start production by the end of 2023.

“This mega manufacturing facility is part of our capacity enhancement to boost EV adoption across India. It will allow the state to spearhead a clean mobility solution shift and promote ecological tourism practices,” Naveen Munjal, Managing Director, Hero Electric, said.

Sohinder Gill, the CEO, of Hero Electric, said, “Green field facility of this mega-size and large budget gives us the opportunity to introduce very energy efficient green manufacturing processes with a healthy blend of automation using robotic arms and the nimble-fingered skills of the local artisan workforce, using the clean solar energy that state provides.”

He added, “Rajasthan government has been very proactive and positive in promoting electric mobility along with us and we would work closely with the govt to create the largest and the best electric two-wheeler manufacturing cluster in north India, that would have a complete ecosystem of ancillaries to help the overall development of the rural zones in and around Salarpur. The state is already a very popular destination for global tourism and we would endeavor to do our bit in adding the sustainability quotient in that drive.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button