Having two manufacturing units in Ludhiana, Gurugram-based Hero Electric now intends to set up its third manufacturing plant in Rajasthan with an investment of over Rs 1,200 crore. The company has signed an MoU with the Rajasthan Government to set up a mega EV manufacturing hub with an annual production capacity of 20 lakh units.
Located in Salarpur industrial region, the state-of-the-art plant would be spread over 170 acres and will commence commercial production by the end of 2023. There will be an estimated investment of over Rs 1,200 crore and it will provide direct and indirect employment opportunities. Furthermore, this initiative is a foot forward in making Rajasthan the new EV manufacturing hub for original equipment manufacturers (OEMs) and ancillaries.
