The two companies Hero Electric and Mahindra Group announced a strategic partnership to roll out of the first Hero electric scooter manufactured at a Mahindra manufacturing facility in the country.
Last month, Hero Electric and Mahindra Group said under the purview of their newly-formed partnership, Mahindra Group will manufacture Hero Electric's electric two-wheelers, Optima and
NYX, at its facility in Pitampur to order to help Hero Electric meet the growing demand for its e scooters in India.
The Electric collaboration will bring together with the expansion of the latter's current facility in Ludhiana, will enable Hero Electric to manufacture more than one million EVs per year by 2022.
Naveen Munjal, MD, Hero Electric, had said, "This coming together of two industry leaders is to further enhance the manufacturing capabilities to meet demand and utilize Mahindra Group’s robust supply chain to reach newer centers in the country.
The long-term partnership will also see both the companies make the most out of each other’s deep knowledge of EVs and drive new product development in the next few years. We look forward to creating more synergies with them in the near future."
It may also be interesting to note that the co-development efforts between Hero Electric and Mahindra will also be an important factor in the development of the platform tenet for the electrification of Peugeot Motocycles' portfolio.
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