Hero Electric bolsters presence in country with another manufacturing unit in Ludhiana

Hero Electric, India’s largest electric two-wheeler company, performed the ground-breaking ceremony of its second plant in Ludhiana, Punjab. The upcoming state-of-the-art manufacturing facility is adjacent to its existing facility and is targeted at ramping up the production capacity. This latest announcement comes at an opportune moment, with a strong need to increase operational efficiency and production capacity to meet the growing demand for electric vehicles. Hero Electric has been in the business of manufacturing E2Ws for over 14 years and is committed to bringing a positive transformation in the way Indians commute. The greenfield plant is spread across an area of 10 acres and will have an annual production capacity of 200,000 vehicles. The new manufacturing facility will also be in sync with the Hon’ble Prime Minister’s vision of ‘Make in India’ and will look to promote indigenous capabilities in both domestic and international markets. The announcement of a new facility comes months after the company announced raising its annual production capacity to 1 million units in the next three years. Naveen Munjal, Managing Director, Hero Electric said, “We are very excited to announce our new manufacturing facility in Ludhiana given the exciting growth phase for the EV market. India's EV