Hero Electric partners with Punjab govt for e-mobility
Electric two-wheeler maker Hero Electric on Friday said it will be investing ₹700 crore in research & development (R&D), model portfolio, dealer network, localisation and state-of-the-art manufacturing unit in Ludhiana.
It has collaborated with the Punjab government to support and develop the electric vehicle infrastructure by attracting existing and potential players to invest in the State.
The right partner
“The State (Punjab) has always supported us in all our endeavours, and we have found the right partner in them. I am sure Hero Electric and the State of Punjab can together make a considerable difference and lead the e-mobility in the country,” Naveen Munjal, MD, Hero Electric said.
