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Private Sector | Uttar Pradesh - India | PID: 190365
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Hero Motors is targeting to manufacture 5,00,000 electric bicycles by the end of FY22, with most of the line utilisation planned for exports. Hero Cycles has its manufacturing plant in Ghaziabad, Uttar Pradesh with a production capacity of 8,000 e-bicycles per month.
Hero Motors also supplies automotive parts to various automakers. The company is planning an overall investment of Rs 1,000 crore in Lectro, which will involve a phased investment directed towards strengthening its global design, R&D and its manufacturing unit in Ghaziabad.
The company has plans to upgrade its manufacturing facility to support global demand, both in terms of quality and volume. The company also has plans to bring about exclusive stores for retail, though this would be at a later stage.
| Updated on: 17 - Aug - 2019
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