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Hero Electric to infuse Rs 700 cr in plant capacity

Wednesday, 07 Apr 2021
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Hero Electric is poised to infuse Rs 700 crore over the next three-four years to increase its plant capacity from 75,000 units to 10 lakh units. In the Phase-I, the capacity will be hiked to three lakh units.
 
While the current Hero Electric portfolio comprises 13 offerings in six platforms across two segments -- city speed and comfort speed, the company plans to enhance the range within these two categories. 
 
It will, however, continue to monitor the demand in the high-speed segment for the time being and enter only when it develops beyond the niche market.

 

 
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